Assenagon Asset Management S.A. grew its position in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 89.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,893,790 shares of the company’s stock after purchasing an additional 891,634 shares during the period. Assenagon Asset Management S.A. owned approximately 0.28% of Roblox worth $102,984,000 as of its most recent SEC filing.
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A number of other institutional investors have also made changes to their positions in RBLX. Allspring Global Investments Holdings LLC raised its position in shares of Roblox by 379.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock worth $53,102,000 after buying an additional 729,379 shares in the last quarter. Glynn Capital Management LLC bought a new position in shares of Roblox in the fourth quarter valued at approximately $5,706,000. Militia Capital Management LLC bought a new position in shares of Roblox in the first quarter valued at approximately $2,590,000. Engineers Gate Manager LP increased its stake in shares of Roblox by 97.0% during the fourth quarter. Engineers Gate Manager LP now owns 293,744 shares of the company’s stock valued at $23,802,000 after acquiring an additional 144,600 shares during the period. Finally, Spyglass Capital Management LLC acquired a new position in shares of Roblox during the first quarter valued at approximately $44,116,000. 94.46% of the stock is owned by institutional investors and hedge funds.
Roblox Stock Up 5.0%
Shares of Roblox stock opened at $37.84 on Friday. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00. The company has a market cap of $25.35 billion, a P/E ratio of -26.46 and a beta of 1.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The stock has a 50-day moving average price of $48.28 and a 200 day moving average price of $55.31.
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Roblox (NYSE:RBLX – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.08. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.41) EPS. As a group, analysts expect that Roblox Corporation will post -1.39 EPS for the current fiscal year.
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