Nuveen LLC Purchases Shares of 1,205,251 Roblox Corporation (NYSE:RBLX)

Nuveen LLC purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,205,251 shares of the company’s stock, valued at approximately $70,254,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Roblox by 23.7% during the fourth quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company’s stock valued at $419,867,000 after purchasing an additional 1,391,800 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of Roblox by 95.8% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company’s stock valued at $275,137,000 after purchasing an additional 2,326,588 shares during the period. Two Sigma Investments LP raised its stake in shares of Roblox by 25.7% during the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company’s stock valued at $261,219,000 after purchasing an additional 921,822 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Roblox by 24.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company’s stock valued at $252,501,000 after purchasing an additional 871,027 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of NYSE RBLX opened at $126.79 on Thursday. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a market capitalization of $81.78 billion, a price-to-earnings ratio of -88.66 and a beta of 1.63. The firm has a 50-day moving average of $111.91 and a two-hundred day moving average of $82.09.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted ($0.32) earnings per share. Roblox’s quarterly revenue was up 50.5% compared to the same quarter last year. As a group, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Benchmark lifted their price target on shares of Roblox from $77.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Morgan Stanley boosted their target price on shares of Roblox from $76.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Needham & Company LLC boosted their target price on shares of Roblox from $79.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Oppenheimer reiterated an “outperform” rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Finally, Wall Street Zen lowered shares of Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.59.

Insider Activity

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the sale, the insider directly owned 301,223 shares of the company’s stock, valued at approximately $40,264,478.41. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the sale, the director directly owned 279,868 shares of the company’s stock, valued at $36,206,523.16. This represents a 19.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,127,213 shares of company stock valued at $493,410,989 over the last ninety days. Corporate insiders own 12.92% of the company’s stock.

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.