Blue Whale Capital LLP Purchases 368,000 Shares of Roblox Co. (NYSE:RBLX)

Blue Whale Capital LLP boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 48.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,135,000 shares of the company’s stock after purchasing an additional 368,000 shares during the quarter. Roblox comprises about 3.7% of Blue Whale Capital LLP’s investment portfolio, making the stock its 11th largest position. Blue Whale Capital LLP owned about 0.19% of Roblox worth $42,233,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after purchasing an additional 4,818,022 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Roblox by 1.9% during the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after acquiring an additional 535,414 shares during the last quarter. ARK Investment Management LLC grew its position in Roblox by 12.9% in the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after acquiring an additional 1,519,591 shares during the last quarter. Ieq Capital LLC increased its stake in Roblox by 27.6% in the first quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after purchasing an additional 2,684,713 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Roblox by 17.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company’s stock worth $371,535,000 after purchasing an additional 1,491,726 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Insider Activity at Roblox

In other news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Friday, July 5th. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,168,620.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,168,620.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total transaction of $476,710.00. Following the completion of the sale, the director now owns 9,721,603 shares in the company, valued at $356,491,182.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775,341 shares of company stock valued at $33,004,226. 22.15% of the stock is currently owned by insiders.

Roblox Stock Performance

NYSE RBLX opened at $46.03 on Friday. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.49. The company has a market cap of $27.22 billion, a PE ratio of -24.75 and a beta of 1.60. The stock’s 50 day simple moving average is $41.83 and its 200-day simple moving average is $38.37.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.46) earnings per share. As a group, equities research analysts anticipate that Roblox Co. will post -1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBLX. Barclays boosted their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Wolfe Research started coverage on shares of Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a research report on Tuesday, July 30th. BTIG Research increased their target price on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Roth Mkm lifted their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.40.

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.