Voloridge Investment Management LLC Raises Position in Roblox Co. (NYSE:RBLX)

Voloridge Investment Management LLC lifted its stake in Roblox Co. (NYSE:RBLX) by 161.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,555,844 shares of the company’s stock after buying an additional 1,579,625 shares during the period. Roblox makes up 0.5% of Voloridge Investment Management LLC’s portfolio, making the stock its 28th biggest position. Voloridge Investment Management LLC owned 0.42% of Roblox worth $147,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in shares of Roblox in the fourth quarter worth about $41,000. Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Roblox by 2,955.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after purchasing an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 1,375,002 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $72.19, for a total value of $99,261,394.38. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $16,024,952.77. This represents a 86.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares of the company’s stock, valued at $4,636,261.22. This trade represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,432,954 shares of company stock worth $167,209,673. 22.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RBLX. Needham & Company LLC reissued a “buy” rating on shares of Roblox in a report on Friday, May 2nd. Macquarie increased their price target on Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Morgan Stanley reduced their price target on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Benchmark increased their price target on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $68.68.

Roblox Stock Down 0.1%

Shares of Roblox stock opened at $81.16 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The business’s 50 day simple moving average is $63.22 and its 200-day simple moving average is $61.07. The stock has a market capitalization of $51.13 billion, a price-to-earnings ratio of -55.97 and a beta of 1.46. Roblox Co. has a twelve month low of $31.59 and a twelve month high of $82.02.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.43) EPS. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

About Roblox

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.