Roblox Corporation $RBLX Shares Acquired by Swiss National Bank

Swiss National Bank grew its holdings in Roblox Corporation (NYSE:RBLXFree Report) by 8.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,729,700 shares of the company’s stock after acquiring an additional 136,000 shares during the quarter. Swiss National Bank’s holdings in Roblox were worth $97,832,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. raised its stake in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after acquiring an additional 105 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Roblox by 2,636.4% in the 3rd quarter. Horizon Investments LLC now owns 301 shares of the company’s stock valued at $42,000 after purchasing an additional 290 shares during the last quarter. Reyes Financial Architecture Inc. increased its holdings in shares of Roblox by 164.4% in the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 194 shares during the period. Fideuram Asset Management Ireland dac purchased a new stake in shares of Roblox during the fourth quarter worth approximately $27,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of Roblox by 76.3% during the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity

In related news, CEO David Baszucki sold 50,628 shares of Roblox stock in a transaction on 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 transaction, the chief executive officer owned 852,214 shares in the company, valued at approximately $38,588,249.92. This trade represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Roblox stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total value of $763,556.64. Following the completion of the transaction, the chief financial officer directly owned 380,758 shares in the company, valued at $17,240,722.24. This represents a 4.24% decrease in their ownership of the stock. 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 sold a total of 161,983 shares of company stock valued at $7,580,990 in the last three months. Company insiders own 10.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RBLX. BTIG Research cut shares of Roblox from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating and issued a $62.00 price objective on shares of Roblox in a research report on Friday, May 1st. Cantor Fitzgerald began coverage on Roblox in a report on Monday, June 29th. They issued an “overweight” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research report on Wednesday, June 24th. Finally, TD Cowen raised Roblox from a “sell” rating to a “hold” rating and cut their target price for the stock from $54.00 to $49.00 in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.48.

Check Out Our Latest Research Report on Roblox

Roblox Stock Performance

Shares of RBLX opened at $53.31 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. The stock has a market cap of $35.80 billion, a P/E ratio of -33.74 and a beta of 1.41. The company has a 50-day moving average of $48.72 and a two-hundred day moving average of $58.70. Roblox Corporation has a 12-month low of $40.15 and a 12-month high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted ($0.32) earnings per share. Roblox’s revenue was up 43.4% compared to the same quarter last year. As a group, research analysts predict that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox announced that its Board of Directors has initiated a stock buyback plan 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 plans are usually a sign that the company’s leadership believes its shares are undervalued.

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Roblox Company Profile

(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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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