Gilder Gagnon Howe & Co. LLC Has $93.25 Million Stock Position in Roblox Co. (NYSE:RBLX)

Gilder Gagnon Howe & Co. LLC grew its position in Roblox Co. (NYSE:RBLX - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,611,700 shares of the company's stock after purchasing an additional 14,224 shares during the period. Roblox makes up approximately 1.0% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 29th biggest position. Gilder Gagnon Howe & Co. LLC owned 0.27% of Roblox worth $93,253,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. grew its position in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after buying an additional 633 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after buying an additional 271 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 902,954 shares of company stock valued at $55,354,971 in the last 90 days. 22.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on RBLX shares. CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. Piper Sandler restated an "overweight" rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Needham & Company LLC raised their target price on Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Barclays lowered their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company cut their price target on Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.50.

Roblox Price Performance

Shares of RBLX stock traded down $0.03 during mid-day trading on Tuesday, reaching $66.40. The company's stock had a trading volume of 8,246,189 shares, compared to its average volume of 7,874,302. The firm's 50-day moving average is $59.11 and its two-hundred day moving average is $57.83. The company has a market cap of $41.73 billion, a P/E ratio of -45.79 and a beta of 1.49. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Roblox 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.