15,465 Shares of Roblox Corporation $RBLX Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC bought a new stake in shares of Roblox Corporation (NYSE:RBLX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,465 shares of the company’s stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Allspring Global Investments Holdings LLC lifted its position in shares of Roblox by 379.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock valued at $53,102,000 after acquiring an additional 729,379 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Roblox by 35.5% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 130,130 shares of the company’s stock valued at $7,076,000 after buying an additional 34,120 shares in the last quarter. Odyssean LLC raised its holdings in shares of Roblox by 344.4% during the second quarter. Odyssean LLC now owns 40,038 shares of the company’s stock valued at $2,177,000 after acquiring an additional 31,029 shares during the period. National Pension Service raised its holdings in shares of Roblox by 34.0% during the second quarter. National Pension Service now owns 1,243,524 shares of the company’s stock valued at $67,623,000 after acquiring an additional 315,244 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Roblox by 89.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,893,790 shares of the company’s stock worth $102,984,000 after purchasing an additional 891,634 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research analyst reports. BMO Capital Markets downgraded Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research note on Friday, July 31st. Benchmark downgraded Roblox from a “hold” rating to a “sell” rating and set a $33.00 target price on the stock. in a research note on Friday, July 31st. TD Cowen cut their price target on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Barclays cut their target price on Roblox from $60.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Finally, Wedbush raised their price objective on Roblox from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.96.

Roblox Trading Up 7.7%

Shares of RBLX stock opened at $51.19 on Friday. The firm has a 50-day moving average price of $43.34 and a 200 day moving average price of $47.73. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a 12-month low of $33.88 and a 12-month high of $139.01. The company has a market capitalization of $34.30 billion, a P/E ratio of -35.80 and a beta of 1.47.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company earned ($0.41) EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Insider Activity at Roblox

In related news, insider Sean Buckley sold 4,321 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the transaction, the insider owned 87,213 shares in the company, valued at approximately $3,373,398.84. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Naveen K. Chopra sold 17,509 shares of Roblox stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $664,641.64. Following the transaction, the chief financial officer owned 363,249 shares in the company, valued at approximately $13,788,932.04. This represents a 4.60% 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 186,390 shares of company stock worth $7,283,371. 10.05% of the stock is owned by company insiders.

Roblox Company Profile

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.