Quantinno Capital Management LP Purchases 129,010 Shares of Roblox Corporation $RBLX

Quantinno Capital Management LP raised its holdings in Roblox Corporation (NYSE:RBLXFree Report) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 829,155 shares of the company’s stock after buying an additional 129,010 shares during the quarter. Quantinno Capital Management LP’s holdings in Roblox were worth $46,897,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RBLX. Norges Bank bought a new position in shares of Roblox during the 4th quarter worth about $435,424,000. SRS Investment Management LLC acquired a new stake in shares of Roblox during the 4th quarter valued at about $238,065,000. Capital International Investors increased its stake in Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares during the period. ValueAct Holdings L.P. increased its stake in Roblox by 39.5% in the fourth quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company’s stock valued at $484,221,000 after acquiring an additional 1,692,600 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Roblox by 99.5% in the fourth quarter. BNP Paribas Financial Markets now owns 3,377,673 shares of the company’s stock worth $273,693,000 after purchasing an additional 1,684,411 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Up 1.4%

RBLX stock opened at $50.21 on Thursday. The business has a fifty day moving average price of $49.48 and a 200 day moving average price of $57.26. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. The stock has a market capitalization of $33.72 billion, a price-to-earnings ratio of -31.78 and a beta of 1.41.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The company 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 in the previous year, the firm earned ($0.32) earnings per share. Analysts expect that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox announced that its board has approved a stock buyback plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RBLX. Deutsche Bank Aktiengesellschaft started coverage on shares of Roblox in a research note on Monday, June 29th. They set a “buy” rating for the company. Oppenheimer began coverage on Roblox in a report on Friday, May 1st. They issued an “outperform” rating for the company. Bank of America downgraded Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Friday, May 1st. Barclays raised Roblox from an “equal weight” rating to an “outperform” rating in a research note on Monday, June 29th. Finally, Wolfe Research initiated coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.63.

View Our Latest Research Report on Roblox

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

  • Positive Sentiment: Buy rating reaffirmed: Roth MKM maintained its Buy rating on Roblox, providing support for the stock ahead of earnings. Roth MKM Reaffirms Their Buy Rating on Roblox
  • Positive Sentiment: Q2 earnings anticipation: Preview reports highlight strong user engagement and AI-related platform enhancements as potential positives. Investors will be watching bookings, user growth, spending and the path toward profitability when Roblox reports. Roblox Set to Report Q2 Earnings
  • Neutral Sentiment: Reports comparing Roblox with Playtika and unrelated news about Gaming Realms do not provide material new information about Roblox’s fundamentals or immediate outlook. Roblox versus Playtika Financial Review
  • Negative Sentiment: Continued securities litigation pressure: Several law firms reminded investors of a class-action lawsuit involving Roblox shares. The proposed class period generally covers purchases from October 31, 2024, through April 30, 2026, with an August 7, 2026 lead-plaintiff deadline. The notices reference alleged investor losses and the impact of Roblox’s age-verification developments, potentially increasing legal costs, reputational risk and uncertainty. Hagens Berman Roblox Class Action Notice Bernstein Liebhard Roblox Deadline

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 4,512 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $57.34, for a total transaction of $258,718.08. Following the sale, the insider owned 422,248 shares of the company’s stock, valued at $24,211,700.32. This represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 14,356 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total transaction of $649,896.12. Following the sale, the insider directly owned 349,964 shares in the company, valued at approximately $15,842,870.28. This represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,983 shares of company stock valued at $7,580,990 in the last 90 days. 10.05% of the stock is owned by corporate 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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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