Roblox Corporation $RBLX Shares Sold by Andra AP fonden

Andra AP fonden lowered its position in shares of Roblox Corporation (NYSE:RBLXFree Report) by 42.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,520 shares of the company’s stock after selling 63,600 shares during the period. Andra AP fonden’s holdings in Roblox were worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of RBLX. Atlantic Private Wealth LLC purchased a new position in shares of Roblox in the first quarter valued at approximately $35,000. Amova Asset Management Americas Inc. increased its holdings in shares of Roblox by 17.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,238,160 shares of the company’s stock valued at $183,247,000 after acquiring an additional 469,379 shares during the last quarter. Florida Financial Advisors LLC raised its holdings in Roblox by 14.2% during the first quarter. Florida Financial Advisors LLC now owns 13,130 shares of the company’s stock worth $743,000 after purchasing an additional 1,628 shares in the last quarter. Allen Investment Management LLC boosted its stake in Roblox by 2.2% in the first quarter. Allen Investment Management LLC now owns 216,934 shares of the company’s stock valued at $12,270,000 after acquiring an additional 4,695 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Roblox by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 716,249 shares of the company’s stock worth $40,485,000 after buying an additional 10,672 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Matthew D. Kaufman sold 14,356 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $45.27, for a total transaction of $649,896.12. Following the transaction, the insider directly owned 349,964 shares of the company’s stock, valued at approximately $15,842,870.28. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen K. Chopra sold 16,863 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total transaction of $763,556.64. Following the completion of the transaction, the chief financial officer owned 380,758 shares of the company’s stock, valued at $17,240,722.24. This trade represents a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,983 shares of company stock worth $7,580,990 in the last ninety days. 10.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RBLX shares. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Piper Sandler set a $60.00 target price on shares of Roblox in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Roblox from $125.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Oppenheimer assumed coverage on Roblox in a research report on Friday, May 1st. They set an “outperform” rating for the company. Finally, BMO Capital Markets raised shares of Roblox from an “outperform” rating to an “outperform” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $85.85.

Check Out Our Latest Research Report on RBLX

Roblox Stock Performance

NYSE:RBLX opened at $49.76 on Thursday. The firm’s fifty day simple moving average is $49.09 and its 200 day simple moving average is $58.28. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of -31.49 and a beta of 1.41.

Roblox (NYSE:RBLXGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. As a group, equities research analysts expect that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 19th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to purchase up to 9.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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About Roblox

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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