Roblox Co. (NYSE:RBLX) Shares Acquired by Jasper Ridge Partners L.P.

Jasper Ridge Partners L.P. lifted its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 613,077 shares of the company's stock after buying an additional 124,204 shares during the quarter. Roblox makes up 1.1% of Jasper Ridge Partners L.P.'s holdings, making the stock its 9th largest holding. Jasper Ridge Partners L.P. owned 0.10% of Roblox worth $35,473,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RBLX. Smith Group Asset Management LLC grew its holdings in shares of Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Roblox in the 4th quarter worth about $363,000. Silicon Valley Capital Partners grew its position in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after acquiring an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after acquiring an additional 1,971 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Roblox during the fourth quarter valued at approximately $763,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of Roblox stock traded up $1.62 during mid-day trading on Wednesday, reaching $78.64. 1,712,339 shares of the stock traded hands, compared to its average volume of 7,689,922. The business has a 50-day moving average of $61.23 and a 200 day moving average of $60.01. The stock has a market capitalization of $49.54 billion, a PE ratio of -54.26 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a fifty-two week low of $30.83 and a fifty-two week high of $78.93.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the firm earned ($0.43) earnings per share. The business's revenue for the quarter was up 30.6% on a year-over-year basis. On average, analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 12,800 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $73.46, for a total value of $940,288.00. Following the completion of the transaction, the director now owns 296,584 shares in the company, valued at approximately $21,787,060.64. This represents a 4.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 229,167 shares of Roblox stock in a transaction on 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 sale, the chief executive officer now owns 221,983 shares in the company, valued at $11,649,667.84. This represents a 50.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,131,507 shares of company stock worth $144,420,228 in the last three months. 22.15% of the stock is owned by company insiders.

Analyst Ratings Changes

RBLX has been the topic of a number of analyst reports. Wedbush reiterated an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research report on Thursday, April 24th. FBN Securities assumed coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. Citigroup boosted their price objective on shares of Roblox from $78.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Barclays increased their price objective on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $67.91.

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.