Moore Capital Management LP Invests $55.70 Million in Roblox Co. (NYSE:RBLX)

Moore Capital Management LP purchased a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 962,699 shares of the company's stock, valued at approximately $55,702,000. Roblox makes up 0.6% of Moore Capital Management LP's investment portfolio, making the stock its 21st biggest position. Moore Capital Management LP owned approximately 0.16% of Roblox at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Smith Group Asset Management LLC boosted its holdings in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after buying an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Roblox in the fourth quarter worth approximately $363,000. Silicon Valley Capital Partners boosted its stake in shares of 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 during the last quarter. V Square Quantitative Management LLC increased its position in shares of 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 purchasing an additional 1,971 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Roblox in the 4th quarter valued at $763,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 12,800 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $73.46, for a total value of $940,288.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $11,649,667.84. The trade was a 50.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,344,632 shares of company stock worth $160,151,753 in the last 90 days. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Up 1.6%

Roblox stock traded up $1.25 during mid-day trading on Thursday, reaching $80.70. 11,128,299 shares of the company's stock were exchanged, compared to its average volume of 7,721,871. 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 twelve month low of $31.59 and a twelve month high of $80.89. The company has a market cap of $50.84 billion, a P/E ratio of -55.65 and a beta of 1.46. The company has a fifty day moving average of $61.66 and a 200-day moving average of $60.14.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a report on Friday, February 7th. FBN Securities began coverage on shares of Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price on the stock. Canaccord Genuity Group upped their price target on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Piper Sandler reiterated an "overweight" rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $68.68.

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.