Roblox Co. (NYSE:RBLX) Shares Purchased by Numerai GP LLC

Numerai GP LLC raised its stake in Roblox Co. (NYSE:RBLX - Free Report) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,932 shares of the company's stock after purchasing an additional 6,725 shares during the quarter. Roblox accounts for 0.7% of Numerai GP LLC's investment portfolio, making the stock its 24th biggest holding. Numerai GP LLC's holdings in Roblox were worth $2,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MetLife Investment Management LLC grew its holdings in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares during the period. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the period. Simon Quick Advisors LLC grew its holdings in Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares during the period. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Trading Up 0.5%

Roblox stock traded up $0.44 during trading on Friday, hitting $81.21. The company's stock had a trading volume of 9,253,683 shares, compared to its average volume of 7,725,787. The stock has a market capitalization of $51.16 billion, a price-to-earnings ratio of -56.00 and a beta of 1.46. The stock's fifty day moving average is $62.73 and its 200 day moving average is $60.67. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $82.02. 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 released its 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. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) earnings per share. As a group, equities research analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at $11,649,667.84. This represents a 50.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 13,600 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $79.45, for a total value of $1,080,520.00. Following the completion of the sale, the director now owns 294,708 shares of the company's stock, valued at approximately $23,414,550.60. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,358,232 shares of company stock worth $161,232,273. 22.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Benchmark lifted their price objective on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Finally, Oppenheimer lifted their price objective on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus price target 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.