Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 42.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,950 shares of the company’s stock after buying an additional 52,150 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roblox were worth $9,839,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Keybank National Association OH lifted its position in Roblox by 11.0% in the first quarter. Keybank National Association OH now owns 11,404 shares of the company’s stock valued at $645,000 after acquiring an additional 1,127 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Roblox by 100.7% during the first quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock worth $32,000 after purchasing an additional 283 shares during the last quarter. USS Investment Management Ltd grew its holdings in shares of Roblox by 330.0% during the first quarter. USS Investment Management Ltd now owns 439,208 shares of the company’s stock worth $24,857,000 after purchasing an additional 337,058 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Roblox by 6.9% during the first quarter. IFM Investors Pty Ltd now owns 118,418 shares of the company’s stock worth $6,698,000 after purchasing an additional 7,616 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its position in shares of Roblox by 42.7% during the first quarter. Impact Partnership Wealth LLC now owns 6,335 shares of the company’s stock worth $358,000 after purchasing an additional 1,897 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on RBLX. Barclays raised Roblox from an “equal weight” rating to an “outperform” rating in a report on Monday, June 29th. Seaport Research Partners lowered Roblox to a “neutral” rating in a research report on Monday, June 29th. Wolfe Research initiated coverage on Roblox in a research report on Friday, May 1st. They set an “outperform” rating on the stock. BMO Capital Markets upgraded Roblox from an “outperform” rating to an “outperform” rating in a research note on Monday, June 29th. Finally, Arete Research set a $95.00 price objective on Roblox and gave the company a “buy” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $85.48.
Roblox Price Performance
Shares of NYSE:RBLX opened at $55.29 on Friday. Roblox Corporation has a one year low of $40.15 and a one year high of $150.59. The stock has a market capitalization of $37.13 billion, a price-to-earnings ratio of -34.99 and a beta of 1.41. The company has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $61.03. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89.
Roblox (NYSE:RBLX – Get Free Report) last released 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business’s revenue was up 43.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.32) earnings per share. On average, analysts predict that Roblox Corporation will post -1.4 EPS for the current year.
Roblox declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Insider Activity at Roblox
In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $57.69, for a total transaction of $961,461.54. Following the completion of the sale, the director directly owned 1,277,835 shares of the company’s stock, valued at approximately $73,718,301.15. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $46.36, for a total value of $219,931.84. Following the completion of the transaction, the insider owned 97,141 shares in the company, valued at $4,503,456.76. This trade represents a 4.66% 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 sold 189,449 shares of company stock worth $9,175,077 in the last ninety days. Company insiders own 10.05% of the company’s stock.
Roblox News Roundup
Here are the key news stories impacting Roblox this week:
- Negative Sentiment: Roblox is facing a securities class action over claims that its Q1 report failed to fully account for the impact of age-check changes on user growth, keeping legal and reputational risk in focus. Roblox Corporation Faces Securities Class Action Amid Surprise Age Verification Impact
- Negative Sentiment: Multiple law firms are reminding investors about the lead-plaintiff deadline, reinforcing headline risk and suggesting the litigation story is still gathering momentum. RBLX Shareholder Action Reminder
- Negative Sentiment: Insider selling by Director Gregory Baszucki added to cautious sentiment, even though the sale was made under a pre-arranged 10b5-1 trading plan. Insider Selling: Roblox Director Sells 16,666 Shares
- Neutral Sentiment: Roblox also partnered with EDO to add TV-style ad benchmarks to its platform, a longer-term monetization development that could help advertising demand but is not an immediate catalyst. Roblox Partners With EDO To Bring TV Style Ad Benchmarks In Game
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.
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