Roblox Co. (NYSE:RBLX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Roblox Co. (NYSE:RBLX) by 10,945.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,551 shares of the company’s stock after acquiring an additional 131,351 shares during the quarter. GAMMA Investing LLC’s holdings in Roblox were worth $7,726,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division boosted its stake in Roblox by 13.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 9,985 shares of the company’s stock worth $582,000 after purchasing an additional 1,214 shares during the period. Kera Capital Partners Inc. raised its holdings in shares of Roblox by 3.8% in the first quarter. Kera Capital Partners Inc. now owns 18,409 shares of the company’s stock valued at $1,073,000 after buying an additional 679 shares during the last quarter. Thoma Capital Management LLC purchased a new stake in shares of Roblox in the fourth quarter valued at about $687,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roblox by 67.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company’s stock worth $3,372,000 after buying an additional 23,431 shares during the period. Finally, Siemens Fonds Invest GmbH grew its holdings in shares of Roblox by 87.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company’s stock worth $573,000 after buying an additional 4,629 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX stock opened at $95.80 on Monday. The stock has a fifty day moving average price of $70.97 and a 200 day moving average price of $64.44. The stock has a market cap of $64.98 billion, a PE ratio of -66.07 and a beta of 1.56. Roblox Co. has a 1 year low of $34.41 and a 1 year high of $97.83. 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) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion during 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%. Roblox’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.43) earnings per share. Sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. Bank of America increased their price objective on Roblox from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Macquarie boosted their price objective on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Wells Fargo & Company upped their price objective on shares of Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Roth Mkm lifted their target price on shares of Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.91.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 6,391 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total transaction of $515,498.06. Following the completion of the transaction, the chief accounting officer now owns 73,931 shares of the company’s stock, valued at approximately $5,963,274.46. This trade represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $12,664,130.15. The trade was a 13.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,354,101 shares of company stock valued at $256,430,887. 12.92% of the stock is owned by insiders.

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.