18,204 Shares in Roblox Corporation $RBLX Acquired by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Roblox Corporation (NYSE:RBLX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,204 shares of the company’s stock, valued at approximately $1,475,000.

Other hedge funds have also made changes to their positions in the company. Reyes Financial Architecture Inc. lifted its holdings in shares of Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock worth $25,000 after purchasing an additional 194 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Roblox in the 3rd quarter worth approximately $26,000. Indiana Trust & Investment Management Co bought a new stake in shares of Roblox in the 4th quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Roblox in the 3rd quarter worth approximately $37,000. Finally, Garner Asset Management Corp bought a new stake in shares of Roblox in the 4th quarter worth approximately $37,000. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Up 0.7%

RBLX opened at $46.11 on Friday. Roblox Corporation has a 12 month low of $40.15 and a 12 month high of $150.59. 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 stock has a market cap of $30.97 billion, a P/E ratio of -29.18 and a beta of 1.50. The stock’s 50 day moving average price is $53.81 and its 200 day moving average price is $71.69.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned ($0.32) EPS. The firm’s revenue was up 43.4% compared to the same quarter last year. As a group, research analysts predict 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 program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RBLX shares. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Piper Sandler downgraded Roblox from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $100.00 to $50.00 in a report on Monday, May 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a report on Friday, March 27th. Citigroup cut their price target on Roblox from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Oppenheimer started coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating on the stock. 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 given a Sell rating to the stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Hold” and an average target price of $87.17.

Insider Activity

In other news, insider Mark Reinstra sold 18,653 shares of Roblox stock in a transaction on Monday, April 13th. The stock was sold at an average price of $57.94, for a total transaction of $1,080,754.82. Following the transaction, the insider directly owned 455,473 shares in the company, valued at approximately $26,390,105.62. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Matthew D. Kaufman sold 13,325 shares of Roblox stock in a transaction on Monday, April 13th. The shares were sold at an average price of $57.94, for a total value of $772,050.50. Following the transaction, the insider owned 364,320 shares in the company, valued at approximately $21,108,700.80. This trade represents a 3.53% 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. In the last ninety days, insiders have sold 65,310 shares of company stock worth $3,568,070. 10.05% of the stock is owned by company insiders.

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.