Price T Rowe Associates Inc. MD Purchases 871,027 Shares of Roblox Co. (NYSE:RBLX)

Price T Rowe Associates Inc. MD raised its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,363,982 shares of the company's stock after acquiring an additional 871,027 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.72% of Roblox worth $252,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Virtu Financial LLC purchased a new stake in Roblox during the 3rd quarter worth $2,341,000. World Investment Advisors LLC bought a new position in shares of Roblox during the third quarter worth about $204,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Roblox during the third quarter valued at approximately $533,000. Principal Financial Group Inc. boosted its position in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock worth $8,047,000 after acquiring an additional 137,267 shares during the period. Finally, Versant Capital Management Inc grew its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In other Roblox news, insider Mark Reinstra sold 19,525 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the transaction, the insider now owns 339,206 shares in the company, valued at approximately $22,367,243.64. This represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 764,399 shares of company stock worth $45,431,661. Company insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RBLX shares. Roth Mkm lifted their target price on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Wells Fargo & Company dropped their price objective on Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Macquarie boosted their price target on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. FBN Securities started 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. Finally, Needham & Company LLC raised their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average price target of $64.50.

Roblox Stock Performance

RBLX stock traded up $2.17 during mid-day trading on Thursday, hitting $69.22. The company had a trading volume of 12,727,293 shares, compared to its average volume of 7,923,984. The stock's fifty day moving average price is $59.27 and its two-hundred day moving average price is $57.95. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The firm has a market cap of $43.50 billion, a PE ratio of -47.74 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

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. The company had revenue of $1.04 billion during 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 for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.43) earnings per share. On average, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal 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.