Roblox Corporation $RBLX Stake Cut by KBC Group NV

KBC Group NV trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX) by 76.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,808 shares of the company’s stock after selling 349,346 shares during the period. KBC Group NV’s holdings in Roblox were worth $6,154,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after acquiring an additional 1,020,786 shares during the period. Capital International Investors raised its position in shares of Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares during the period. Morgan Stanley lifted its holdings in shares of Roblox by 8.1% in the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after purchasing an additional 1,555,549 shares during the last quarter. State Street Corp boosted its position in Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after purchasing an additional 442,518 shares during the period. Finally, Geode Capital Management LLC grew its stake in Roblox by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after buying an additional 547,103 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In related news, insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $46.36, for a total value of $219,931.84. Following the transaction, the insider owned 97,141 shares of the company’s stock, valued at approximately $4,503,456.76. This trade represents a 4.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the business’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 sale, the chief executive officer owned 852,214 shares in the company, valued at approximately $38,588,249.92. The trade was a 5.61% decrease in their position. 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 161,983 shares of company stock valued at $7,580,990 over the last ninety days. Company insiders own 10.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RBLX shares. BMO Capital Markets raised shares of Roblox from an “outperform” rating to an “outperform” rating in a report on Monday, June 29th. Needham & Company LLC initiated coverage on Roblox in a research report on Monday, June 29th. They issued a “buy” rating on the stock. Morgan Stanley reiterated an “overweight” rating and set a $62.00 price target on shares of Roblox in a research report on Friday, May 1st. Cantor Fitzgerald assumed coverage on Roblox in a report on Monday, June 29th. They set an “overweight” rating on the stock. Finally, Wells Fargo & Company increased their target price on shares of Roblox from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.85.

Roblox Stock Performance

Shares of RBLX opened at $47.57 on Friday. 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 firm’s 50 day moving average is $49.17 and its 200-day moving average is $58.04. Roblox Corporation has a 12-month low of $40.15 and a 12-month high of $150.59. The stock has a market capitalization of $31.95 billion, a P/E ratio of -30.11 and a beta of 1.41.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted ($0.32) earnings per share. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. Equities research analysts anticipate that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox announced that its Board of Directors has approved a stock buyback program on Tuesday, May 19th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Barclays reiterated its Hold rating on Roblox, which may help limit downside by signaling the stock still has some analyst support. Article: Barclays Sticks to Its Hold Rating for Roblox (RBLX)
• Neutral Sentiment: Roblox continues to attract attention around its new Build AI-powered creation tool, which could improve long-term user engagement and creation activity, but the impact on near-term earnings remains uncertain. Article: Roblox (RBLX) Unveiled Build, Is The Stock Fully Priced?
• Neutral Sentiment: The company is also expected to report earnings soon, keeping investors focused on upcoming fundamentals rather than just litigation headlines. Article: Roblox (RBLX) to Release Earnings on Thursday
• Negative Sentiment: Several law firms, including Rosen, Bernstein Liebhard, Pomerantz, Hagens Berman, Faruqi & Faruqi, and Robbins Geller, issued investor alerts tied to an expanded securities class action, reinforcing legal overhang on the stock. Article: RBLX DEADLINE NOTICE: ROSEN, SKILLED INVESTOR COUNSEL…
• Negative Sentiment: The class period in the lawsuit was expanded to cover a longer stretch of trading, which can broaden the pool of potential claimants and intensify investor concern. Article: RBLX INVESTOR ALERT: Roblox Corporation (RBLX) Investors with Substantial Losses…

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.