Whale Rock Capital Management LLC Invests $107.49 Million in Roblox Co. (NYSE:RBLX)

Whale Rock Capital Management LLC bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,428,625 shares of the company's stock, valued at approximately $107,491,000. Roblox accounts for about 1.5% of Whale Rock Capital Management LLC's holdings, making the stock its 27th largest holding. Whale Rock Capital Management LLC owned 0.40% of Roblox as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cetera Advisors LLC increased its position in Roblox by 45.2% during the 1st quarter. Cetera Advisors LLC now owns 17,279 shares of the company's stock worth $660,000 after buying an additional 5,377 shares during the period. Thrive Wealth Management LLC grew its position in shares of Roblox by 4.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company's stock worth $274,000 after purchasing an additional 300 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Roblox during the second quarter worth approximately $930,000. Swedbank AB raised its position in shares of Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company's stock valued at $1,983,000 after buying an additional 285 shares in the last quarter. Finally, Coronation Fund Managers Ltd. bought a new stake in shares of Roblox in the second quarter valued at approximately $2,663,000. 91.08% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Michael Guthrie sold 3,443 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43. Following the transaction, the chief financial officer now directly owns 352,844 shares of the company's stock, valued at approximately $15,881,508.44. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,038,607 shares of company stock valued at $49,713,872 in the last ninety days. 22.15% of the stock is owned by company insiders.

Roblox Trading Up 0.7 %

RBLX stock traded up $0.41 during trading on Friday, hitting $59.35. The company had a trading volume of 7,254,451 shares, compared to its average volume of 7,650,513. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a one year low of $29.55 and a one year high of $59.80. The business has a 50-day moving average of $47.03 and a 200-day moving average of $42.08. The stock has a market cap of $36.06 billion, a PE ratio of -35.95 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) earnings per share. Research analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several analyst reports. Barclays increased their target price on Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Wedbush reiterated an "outperform" rating and set a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Roblox from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Macquarie raised their target price on Roblox from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price objective on Roblox from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $55.30.

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.