Roblox Corporation $RBLX Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in Roblox Corporation (NYSE:RBLX) by 342.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,551,456 shares of the company’s stock after buying an additional 1,200,900 shares during the period. Assenagon Asset Management S.A. owned approximately 0.24% of Roblox worth $125,714,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RBLX. Vanguard Group Inc. increased its position in 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 period. State Street Corp boosted its stake in shares of Roblox by 11.0% in the third quarter. State Street Corp now owns 13,369,844 shares of the company’s stock valued at $1,851,991,000 after buying an additional 1,326,575 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Roblox by 7.4% in the third quarter. AQR Capital Management LLC now owns 9,697,538 shares of the company’s stock valued at $1,310,719,000 after buying an additional 665,127 shares in the last quarter. Franklin Resources Inc. grew its holdings in Roblox by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company’s stock worth $964,611,000 after acquiring an additional 619,048 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Roblox by 24.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,704,693 shares of the company’s stock worth $600,134,000 after acquiring an additional 1,128,911 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RBLX shares. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a report on Tuesday, January 20th. TD Cowen reiterated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Piper Sandler reiterated an “overweight” rating and issued a $100.00 price objective (down from $125.00) on shares of Roblox in a research note on Friday, February 6th. Wells Fargo & Company set a $97.00 price objective on shares of Roblox in a report on Monday, February 9th. Finally, Barclays lowered their target price on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $116.81.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 272,269 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the completion of the sale, the chief executive officer owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 40,646 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 636,248 shares of company stock valued at $46,013,542 in the last ninety days. Company insiders own 12.92% of the company’s stock.

Roblox Trading Down 0.3%

Shares of RBLX stock opened at $56.80 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $37.58 billion, a price-to-earnings ratio of -36.64 and a beta of 1.62. The firm has a 50-day moving average price of $67.64 and a 200 day moving average price of $94.29. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59.

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

Roblox Company 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.