Janus Henderson Group PLC Sells 17,493 Shares of Roblox Corporation $RBLX

Janus Henderson Group PLC trimmed its stake in Roblox Corporation (NYSE:RBLX) by 24.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,827 shares of the company’s stock after selling 17,493 shares during the quarter. Janus Henderson Group PLC’s holdings in Roblox were worth $3,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Reyes Financial Architecture Inc. increased its position in Roblox by 164.4% in the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock worth $25,000 after buying an additional 194 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Roblox during the 1st quarter valued at $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Roblox during the 4th quarter worth $27,000. GW&K Investment Management LLC grew its stake in shares of Roblox by 76.3% during the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after acquiring an additional 161 shares during the period. Finally, Root Financial Partners LLC increased its holdings in Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In related news, 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 transaction of $2,292,435.84. Following the completion of the transaction, the chief executive officer directly owned 852,214 shares in the company, valued at $38,588,249.92. The trade was a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $37.46, for a total value of $624,308.36. Following the completion of the transaction, the director owned 1,269,502 shares in the company, valued at $47,555,544.92. This represents a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 161,983 shares of company stock valued at $7,455,828 in the last ninety days. 10.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wedbush downgraded shares of Roblox from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $65.00 to $40.00 in a research note on Friday, July 31st. UBS Group set a $33.00 price target on shares of Roblox in a research note on Friday, July 31st. HSBC downgraded shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Friday, May 1st. Needham & Company LLC reduced their price objective on shares of Roblox from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Roblox from a “buy” rating to a “hold” rating and lowered their target price for the company from $56.00 to $38.00 in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.89.

Roblox Stock Up 5.0%

Shares of NYSE:RBLX opened at $37.84 on Friday. The firm has a fifty day moving average price of $48.28 and a two-hundred day moving average price of $55.31. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. Roblox Corporation has a one year low of $33.88 and a one year high of $142.00. The company has a market cap of $25.35 billion, a price-to-earnings ratio of -26.46 and a beta of 1.46.

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

Roblox announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 9.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About Roblox

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.