Potrero Capital Research LLC acquired a new stake in Roblox Co. (NYSE:RBLX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $1,297,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Price T Rowe Associates Inc. MD purchased a new stake in Roblox in the 1st quarter valued at $929,002,000. Morgan Stanley purchased a new stake in Roblox in the 1st quarter valued at $329,231,000. Jennison Associates LLC purchased a new stake in Roblox in the 1st quarter valued at $287,018,000. Massachusetts Financial Services Co. MA purchased a new stake in Roblox in the 1st quarter valued at $206,186,000. Finally, Altimeter Capital Management LP purchased a new stake in Roblox in the 1st quarter valued at $180,083,000. 32.64% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the company. Benchmark assumed coverage on Roblox in a report on Tuesday, July 13th. They set a “sell” rating and a $75.00 price target for the company. Bank of America assumed coverage on Roblox in a report on Monday, April 5th. They set a “buy” rating and a $78.00 price target for the company. Truist increased their price target on Roblox from $78.00 to $83.00 in a report on Tuesday, May 11th. Morgan Stanley increased their price target on Roblox from $80.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, May 11th. Finally, JPMorgan Chase & Co. started coverage on Roblox in a research note on Tuesday, May 4th. They set an “overweight” rating and a $85.00 target price on the stock. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.11.
Roblox (NYSE:RBLX) last issued its earnings results on Sunday, May 9th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.59). The firm had revenue of $387.00 million during the quarter, compared to analyst estimates of $490.90 million. The company’s revenue for the quarter was up 139.5% on a year-over-year basis. On average, equities analysts anticipate that Roblox Co. will post 0.83 earnings per share for the current fiscal year.
In related news, insider Brett Tolley sold 50,637 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $95.95, for a total transaction of $4,858,620.15. Following the transaction, the insider now owns 85,432 shares in the company, valued at approximately $8,197,200.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $100.00, for a total value of $500,000.00. Following the transaction, the insider now owns 63,736 shares in the company, valued at approximately $6,373,600. The disclosure for this sale can be found here. Insiders have sold a total of 655,177 shares of company stock worth $62,047,378 in the last three months.
Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset that allows developers and creators to build, publish, and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution that provides services and infrastructure to power the human co-experience platform.
Featured Story: What is dividend yield?
Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Co. (NYSE:RBLX).
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.