Atika Capital Management LLC Has $19.74 Million Position in Roblox Corporation $RBLX

Atika Capital Management LLC grew its holdings in shares of Roblox Corporation (NYSE:RBLX) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,500 shares of the company’s stock after buying an additional 33,500 shares during the quarter. Roblox makes up 1.6% of Atika Capital Management LLC’s portfolio, making the stock its 21st largest position. Atika Capital Management LLC’s holdings in Roblox were worth $19,739,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in Roblox during the second quarter valued at approximately $350,720,000. Vanguard Group Inc. increased its position in shares of Roblox by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after purchasing an additional 3,284,073 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Roblox by 103.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock worth $341,410,000 after purchasing an additional 1,646,871 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Roblox by 47.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after purchasing an additional 1,531,380 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Roblox by 359.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock valued at $191,295,000 after buying an additional 1,422,894 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the sale, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 10,834 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the completion of the sale, the chief executive officer owned 800,539 shares of the company’s stock, valued at $49,337,218.57. This trade represents a 1.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 703,144 shares of company stock valued at $51,681,640. Insiders own 12.92% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $60.42 on Thursday. The company has a market cap of $39.98 billion, a P/E ratio of -38.98 and a beta of 1.62. The firm’s fifty day moving average price is $70.84 and its two-hundred day moving average price is $98.39. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company posted ($0.33) EPS. Roblox’s quarterly revenue was up 122.6% compared to the same quarter last year. Equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

RBLX has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of Roblox in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Jefferies Financial Group set a $85.00 price objective on shares of Roblox in a research note on Thursday, January 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $100.00 target price (down from $125.00) on shares of Roblox in a report on Friday, February 6th. Finally, Morgan Stanley cut their target price on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.35.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.