Capital International Ltd. CA Sells 16,315 Shares of Roblox Corporation $RBLX

Capital International Ltd. CA trimmed its stake in shares of Roblox Corporation (NYSE:RBLX) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 193,949 shares of the company’s stock after selling 16,315 shares during the quarter. Capital International Ltd. CA’s holdings in Roblox were worth $15,716,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Reyes Financial Architecture Inc. lifted its position in shares of Roblox by 164.4% during the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after acquiring an additional 194 shares during the period. Fideuram Asset Management Ireland dac acquired a new position in shares of Roblox during the 4th quarter worth $27,000. Indiana Trust & Investment Management Co acquired a new position in shares of Roblox during the 4th quarter worth $32,000. Garner Asset Management Corp acquired a new position in shares of Roblox during the 4th quarter worth $37,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after buying an additional 105 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $57.95, for a total value of $965,794.70. Following the completion of the transaction, the director owned 1,302,834 shares of the company’s stock, valued at $75,499,230.30. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the completion of the transaction, the chief executive officer directly owned 852,214 shares of the company’s stock, valued at approximately $38,588,249.92. The trade was 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. Over the last quarter, insiders have sold 183,471 shares of company stock worth $8,930,068. Company insiders own 10.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RBLX. Needham & Company LLC began coverage on Roblox in a report on Friday, May 1st. They set a “buy” rating and a $60.00 price target for the company. Jefferies Financial Group cut Roblox from a “hold” rating to a “hold” rating in a report on Friday, May 1st. The Goldman Sachs Group lowered their price target on Roblox from $125.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and lowered their price target for the stock from $54.00 to $49.00 in a report on Friday, May 1st. Finally, Oppenheimer began coverage on Roblox in a report on Friday, May 1st. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.07.

Roblox Price Performance

Shares of RBLX opened at $41.92 on Friday. Roblox Corporation has a 12-month low of $40.15 and a 12-month high of $150.59. The business has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $67.43. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The stock has a market cap of $28.15 billion, a PE ratio of -26.53 and a beta of 1.44.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (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 business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. Analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are 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.