Treasurer of the State of North Carolina Has $13.74 Million Position in Roblox Co. (NYSE:RBLX)

Treasurer of the State of North Carolina boosted its position in Roblox Co. (NYSE:RBLX - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,494 shares of the company's stock after acquiring an additional 14,200 shares during the period. Treasurer of the State of North Carolina's holdings in Roblox were worth $13,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock worth $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC grew its position in shares of Roblox by 939.6% during 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 period. Chicago Partners Investment Group LLC bought a new stake in shares of Roblox in the 4th quarter valued at about $363,000. Silicon Valley Capital Partners raised its position in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after acquiring an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in Roblox by 320.0% during the 4th 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. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Price Performance

RBLX stock traded up $0.67 during midday trading on Friday, reaching $59.76. The company had a trading volume of 5,118,708 shares, compared to its average volume of 7,874,092. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of -41.22 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The stock has a 50 day moving average price of $59.41 and a 200-day moving average price of $56.57.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the sale, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This trade represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 926,954 shares of company stock worth $56,936,331 over the last 90 days. Insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RBLX. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating for the company. Wedbush restated an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Oppenheimer upgraded shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a report on Thursday, April 10th. FBN Securities assumed coverage on shares of Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective on the stock. Finally, Piper Sandler restated an "overweight" rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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.