Gilder Gagnon Howe & Co. LLC Has $93.25 Million Position in Roblox Co. (NYSE:RBLX)

Gilder Gagnon Howe & Co. LLC lifted its position in Roblox Co. (NYSE:RBLX - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,611,700 shares of the company's stock after purchasing an additional 14,224 shares during the quarter. Roblox accounts for approximately 1.0% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 29th biggest holding. Gilder Gagnon Howe & Co. LLC owned approximately 0.27% of Roblox worth $93,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. MetLife Investment Management LLC boosted its stake in Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC boosted its position in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the period. Finally, Versant Capital Management Inc increased its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Roblox news, CEO David Baszucki sold 229,167 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 4,468 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 764,399 shares of company stock valued at $45,431,661. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent research reports. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating for the company. JPMorgan Chase & Co. boosted their target price on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Benchmark reiterated a "buy" rating and issued a $71.00 price objective on shares of Roblox in a research report on Tuesday, March 18th. Morgan Stanley dropped their price objective on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Oppenheimer raised Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $64.50.

Roblox Price Performance

NYSE RBLX traded up $1.03 during trading on Thursday, hitting $68.08. 14,549,212 shares of the company's stock were exchanged, compared to its average volume of 7,930,428. The stock's 50 day moving average price is $59.27 and its two-hundred day moving average price is $57.95. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market cap of $42.79 billion, a PE ratio of -46.91 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned ($0.43) EPS. The firm's revenue was up 30.6% compared to the same quarter last year. Research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.