Eurizon Capital SGR S.p.A. Buys New Shares in Roblox Corporation $RBLX

Eurizon Capital SGR S.p.A. bought a new stake in shares of Roblox Corporation (NYSE:RBLX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 141,282 shares of the company’s stock, valued at approximately $11,450,000.

Several other large investors have also recently bought and sold shares of the stock. Fideuram Asset Management Ireland dac acquired a new position in Roblox during the 4th quarter valued at $27,000. Glynn Capital Management LLC acquired a new position in Roblox during the 4th quarter valued at $5,706,000. Northwestern Mutual Wealth Management Co. raised its stake in Roblox by 37.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,629 shares of the company’s stock valued at $942,000 after purchasing an additional 3,171 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Roblox during the 4th quarter valued at $5,995,000. Finally, Huntington National Bank raised its stake in Roblox by 73.9% during the 4th quarter. Huntington National Bank now owns 734 shares of the company’s stock valued at $59,000 after purchasing an additional 312 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Down 0.1%

Shares of Roblox stock opened at $47.10 on Monday. The firm has a market capitalization of $31.63 billion, a PE ratio of -29.81 and a beta of 1.44. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89. The company’s fifty day moving average price is $52.48 and its two-hundred day moving average price is $69.26. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business’s revenue for the quarter was up 43.4% on a year-over-year basis. On average, analysts expect that Roblox Corporation will post -1.4 EPS for the current year.

Roblox announced that its board has authorized a stock buyback program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 50,628 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total value of $2,292,435.84. Following the sale, the chief executive officer owned 852,214 shares of the company’s stock, valued at approximately $38,588,249.92. This represents a 5.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Reinstra sold 5,460 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $46.40, for a total transaction of $253,344.00. Following the completion of the sale, the insider directly owned 432,738 shares in the company, valued at approximately $20,079,043.20. The trade was a 1.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 183,471 shares of company stock worth $8,930,068 in the last quarter. 10.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RBLX shares. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Wolfe Research started coverage on shares of Roblox in a report on Friday, May 1st. They issued an “outperform” rating on the stock. Freedom Capital raised shares of Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Citigroup lowered their price target on shares of Roblox from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Wall Street Zen lowered shares of Roblox from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $87.07.

Roblox 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.