53,239 Shares in Roblox Co. (NYSE:RBLX) Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 53,239 shares of the company's stock, valued at approximately $3,080,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Roblox by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,249 shares of the company's stock worth $2,040,000 after acquiring an additional 398 shares during the last quarter. Claro Advisors LLC purchased a new position in shares of Roblox in the 4th quarter worth about $205,000. Friedenthal Financial acquired a new position in shares of Roblox in the 4th quarter valued at about $763,000. Finally, Pallas Capital Advisors LLC grew its holdings in shares of Roblox by 101.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 20,911 shares of the company's stock worth $1,210,000 after purchasing an additional 10,535 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Activity

In related news, CFO Michael Guthrie sold 21,614 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the transaction, the chief financial officer now owns 395,465 shares in the company, valued at $24,257,823.10. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 1,375,002 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at $16,024,952.77. This represents a 86.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,344,632 shares of company stock valued at $160,151,753. Insiders own 22.15% of the company's stock.

Roblox Stock Performance

NYSE RBLX traded up $0.44 during trading hours on Friday, reaching $81.21. The company's stock had a trading volume of 9,253,683 shares, compared to its average volume of 7,728,084. 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 business has a 50-day simple moving average of $62.20 and a 200 day simple moving average of $60.41. Roblox Co. has a 52 week low of $31.59 and a 52 week high of $81.99. The stock has a market cap of $51.16 billion, a PE ratio of -56.00 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Roblox's revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.43) earnings per share. Equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on RBLX shares. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Citigroup lifted their target price on shares of Roblox from $78.00 to $85.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Roth Mkm lifted their target price on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $68.68.

Roblox Company 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.