CenterBook Partners LP Buys Shares of 10,370 Roblox Corporation $RBLX

CenterBook Partners LP bought a new position in Roblox Corporation (NYSE:RBLX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 10,370 shares of the company’s stock, valued at approximately $1,436,000.

Several other institutional investors have also made changes to their positions in RBLX. Vanguard Group Inc. grew its stake in shares of Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after buying an additional 3,284,073 shares in the last quarter. State Street Corp lifted its stake in Roblox by 6.3% in the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after acquiring an additional 708,838 shares during the last quarter. Geode Capital Management LLC grew its position in Roblox by 9.1% in the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after acquiring an additional 834,230 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Roblox by 3.0% during the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock worth $948,222,000 after purchasing an additional 261,984 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Roblox by 9.9% during the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock valued at $667,457,000 after purchasing an additional 570,018 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

RBLX opened at $62.01 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock’s 50 day moving average price is $75.41 and its two-hundred day moving average price is $103.88. The firm has a market capitalization of $41.02 billion, a P/E ratio of -40.00 and a beta of 1.63. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) earnings per share. On average, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 272,269 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the completion of the sale, the chief executive officer owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 758,310 shares of company stock worth $57,121,581. 12.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBLX. Piper Sandler reiterated an “overweight” rating and issued a $100.00 price objective (down from $125.00) on shares of Roblox in a report on Friday, February 6th. BTIG Research reiterated a “buy” rating and set a $141.00 price target on shares of Roblox in a research note on Friday, February 6th. Citigroup cut their price objective on Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Oppenheimer decreased their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $85.00 price target on Roblox in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.