14,214 Shares in Roblox Co. (NYSE:RBLX) Purchased by Allstate Corp

Allstate Corp purchased a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,214 shares of the company's stock, valued at approximately $822,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. raised its holdings in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Ieq Capital LLC raised its holdings in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Norges Bank bought a new stake in shares of Roblox during the 4th quarter valued at about $167,211,000. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Roblox during the third quarter valued at about $107,491,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

RBLX stock traded down $6.74 during midday trading on Friday, hitting $51.48. The company's stock had a trading volume of 6,743,408 shares, compared to its average volume of 8,997,564. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a 50 day moving average of $62.71 and a two-hundred day moving average of $55.81. The firm has a market capitalization of $31.86 billion, a price-to-earnings ratio of -35.41 and a beta of 1.49.

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Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

RBLX has been the topic of several research reports. Wedbush reaffirmed an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 price target on the stock. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a report on Friday, February 7th. Benchmark restated a "buy" rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. Finally, Roth Mkm increased their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.23.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares of the company's stock, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company's stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 947,666 shares of company stock worth $61,513,341. 22.15% of the stock is currently owned by corporate 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.