Artisan Partners Limited Partnership Boosts Stock Position in Roblox Corporation $RBLX

Artisan Partners Limited Partnership raised its stake in Roblox Corporation (NYSE:RBLX) by 18.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,292,340 shares of the company’s stock after buying an additional 365,125 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Roblox were worth $185,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. NewEdge Advisors LLC grew its stake in Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Roblox by 70.2% in the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after purchasing an additional 5,363 shares during the last quarter. CW Advisors LLC purchased a new position in Roblox in the second quarter valued at about $272,000. Baird Financial Group Inc. grew its stake in Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Roblox during the second quarter worth about $438,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 2,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.24, for a total value of $130,969.80. Following the sale, the chief accounting officer owned 35,238 shares in the company, valued at $1,594,167.12. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO David Baszucki sold 50,628 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 852,214 shares in the company, valued at approximately $38,588,249.92. This represents a 5.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 189,449 shares of company stock valued at $9,179,410 over the last quarter. Company insiders own 10.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RBLX. Wolfe Research initiated coverage on shares of Roblox in a research report on Friday, May 1st. They issued an “outperform” rating for the company. Roth Mkm set a $65.00 target price on shares of Roblox in a research note on Tuesday, May 5th. Raymond James Financial cut shares of Roblox from an “outperform” rating to a “market perform” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of Roblox from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Jefferies Financial Group cut shares of Roblox from a “hold” rating to a “hold” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox has an average rating of “Hold” and an average price target of $87.07.

Trending Headlines about Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Roblox announced the global rollout of Roblox Kids and Roblox Select, new age-based accounts for users under 16 designed to strengthen child safety and adapt protections as children grow. Roblox Kids and Roblox Select Accounts Now Available Worldwide
• Positive Sentiment: Traders bought an unusually large number of Roblox call options, signaling speculative interest that can support the stock in the short term. Unusual options trading activity
• Positive Sentiment: Coverage around Roblox’s safety upgrades and global platform durability has highlighted potential improvements to the company’s long-term compliance posture and international access, including recent reporting that Russia lifted its ban after Roblox pledged better protections for young users. Roblox Sprints on Kids Products Rollout
• Neutral Sentiment: Analysts also pointed to stronger weekend engagement tied to a popular game, which may help offset some concerns about user growth, but this appears more like a usage trend than a major new catalyst. Roblox sees weekend engagement surge on Grow a Garden 2 — TD Cowen
• Negative Sentiment: Roblox faces multiple securities class action notices and law-firm reminders ahead of the August 7 lead-plaintiff deadline, keeping investor focus on alleged disclosure issues around the impact of age-verification changes on DAUs and growth expectations. RBLX Court Deadline: Roblox Corporation Investors are Notified of the Important August 7 Deadline in the Pending Securities Fraud Class Action Lawsuit

Roblox Price Performance

Shares of NYSE RBLX opened at $49.48 on Wednesday. The business’s 50 day moving average price is $49.56 and its 200 day moving average price is $64.76. The firm has a market cap of $33.23 billion, a P/E ratio of -31.32 and a beta of 1.44. Roblox Corporation has a 52 week low of $40.15 and a 52 week high of $150.59. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45.

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

Roblox declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.