Fox Run Management L.L.C. Acquires 29,982 Shares of Roblox Corporation $RBLX

Fox Run Management L.L.C. raised its holdings in shares of Roblox Corporation (NYSE:RBLXFree Report) by 1,015.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,935 shares of the company’s stock after acquiring an additional 29,982 shares during the quarter. Roblox accounts for about 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 7th largest holding. Fox Run Management L.L.C.’s holdings in Roblox were worth $2,669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Reyes Financial Architecture Inc. lifted its position in Roblox by 164.4% during the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after buying an additional 194 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Roblox during the fourth quarter valued at approximately $27,000. Indiana Trust & Investment Management Co acquired a new position in Roblox during the fourth quarter valued at approximately $32,000. Garner Asset Management Corp acquired a new position in Roblox during the fourth quarter valued at approximately $37,000. Finally, Sunbelt Securities Inc. lifted its position in Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 1.1%

RBLX opened at $42.30 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The firm’s 50 day moving average is $51.01 and its 200-day moving average is $66.78. The firm has a market capitalization of $28.41 billion, a P/E ratio of -26.77 and a beta of 1.44. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. Analysts expect that Roblox Corporation will post -1.4 EPS for the current fiscal year.

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

More Roblox News

Here are the key news stories impacting Roblox this week:

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of analyst reports. DA Davidson dropped their price objective on shares of Roblox from $47.50 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Morgan Stanley reiterated an “overweight” rating and set a $62.00 price objective on shares of Roblox in a research note on Friday, May 1st. HSBC lowered shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research note on Friday, May 1st. Piper Sandler lowered shares of Roblox from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $100.00 to $50.00 in a research note on Monday, May 4th. Finally, Oppenheimer initiated coverage on shares of Roblox in a research note on Friday, May 1st. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Hold” and a consensus target price of $87.07.

Read Our Latest Stock Analysis on RBLX

Insiders Place Their Bets

In related news, CEO David Baszucki sold 50,628 shares of Roblox stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total value of $2,292,435.84. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.36, for a total transaction of $219,931.84. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 189,449 shares of company stock valued at $9,179,410. 10.05% of the stock is owned by insiders.

About Roblox

(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.

See Also

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLXFree Report).

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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