Roblox Co. (NYSE:RBLX) Stock Position Boosted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,363,982 shares of the company's stock after buying an additional 871,027 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.72% of Roblox worth $252,501,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MetLife Investment Management LLC raised its holdings in Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after acquiring an additional 161 shares during the last quarter. Rakuten Securities Inc. grew its holdings 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 during the period. Simon Quick Advisors LLC lifted its holdings in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares during the period. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% in 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 during the period. Finally, Versant Capital Management Inc raised its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX stock traded down $0.03 on Tuesday, hitting $66.40. 8,246,189 shares of the stock traded hands, compared to its average volume of 7,865,901. The company has a market capitalization of $41.73 billion, a PE ratio of -45.79 and a beta of 1.49. The company's fifty day moving average is $59.11 and its 200 day moving average is $57.83. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 19,525 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,287,478.50. Following the sale, the insider now owns 339,206 shares in the company, valued at approximately $22,367,243.64. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $11,649,667.84. This represents a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,954 shares of company stock worth $55,354,971 over the last ninety days. Company insiders own 22.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RBLX shares. JPMorgan Chase & Co. increased their target price on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Benchmark reissued a "buy" rating and set a $71.00 target price on shares of Roblox in a research report on Tuesday, March 18th. FBN Securities began coverage on shares of Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. CICC Research began coverage on Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. Finally, Citigroup reissued a "buy" rating on shares of Roblox in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.50.

About Roblox

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.