975 Shares in Roblox Corporation (NYSE:RBLX) Acquired by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in Roblox Corporation (NYSE:RBLX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 975 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds have also recently added to or reduced their stakes in RBLX. Vanguard Group Inc. raised its holdings in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after acquiring an additional 4,400,624 shares in the last quarter. Durable Capital Partners LP purchased a new stake in Roblox during the fourth quarter worth approximately $246,560,000. Ninety One UK Ltd purchased a new stake in Roblox during the first quarter worth approximately $137,379,000. Whale Rock Capital Management LLC lifted its stake in Roblox by 95.8% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company’s stock worth $275,137,000 after purchasing an additional 2,326,588 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Roblox by 210.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock worth $189,840,000 after purchasing an additional 2,207,897 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity

In other news, CEO David Baszucki sold 687,500 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $87.97, for a total value of $60,479,375.00. Following the transaction, the chief executive officer owned 211,559 shares of the company’s stock, valued at approximately $18,610,845.23. The trade was a 76.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 5,201,935 shares of company stock valued at $499,388,389 over the last quarter. Insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RBLX. Roth Mkm boosted their target price on Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Piper Sandler boosted their target price on Roblox from $105.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on Roblox from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Macquarie boosted their target price on Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Finally, Oppenheimer restated an “outperform” rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.59.

Roblox Trading Down 0.9%

NYSE:RBLX opened at $129.51 on Wednesday. The firm has a market cap of $83.54 billion, a P/E ratio of -90.57 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock’s 50 day simple moving average is $111.20 and its 200-day simple moving average is $81.78. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. Equities analysts anticipate that Roblox Corporation will post -1.49 EPS 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.