Persistent Asset Partners Ltd purchased a new stake in Roblox Corporation (NYSE:RBLX – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the company’s stock, valued at approximately $1,621,000.
A number of other institutional investors have also recently modified their holdings of the business. Baird Financial Group Inc. boosted its stake in shares of Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after buying an additional 102 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Roblox by 58.7% in 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. Brown Brothers Harriman & Co. boosted its stake in shares of Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after buying an additional 110 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Roblox by 0.6% in the third quarter. Westpac Banking Corp now owns 20,043 shares of the company’s stock valued at $2,776,000 after buying an additional 115 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Roblox by 1.3% in the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock valued at $1,091,000 after buying an additional 138 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Gregory Baszucki sold 16,666 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $57.95, for a total value of $965,794.70. Following the completion of the transaction, the director directly owned 1,302,834 shares of the company’s stock, valued at $75,499,230.30. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the completion of the transaction, the chief executive officer directly owned 852,214 shares of the company’s stock, valued at approximately $38,588,249.92. This trade represents a 5.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 189,449 shares of company stock valued at $9,179,410. Company insiders own 10.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Roblox
Key Headlines Impacting Roblox
Here are the key news stories impacting Roblox this week:
- Positive Sentiment: Roblox announced the global rollout of Roblox Kids and Roblox Select, new age-based accounts for users under 16 designed to strengthen child safety and adapt protections as children grow. Roblox Kids and Roblox Select Accounts Now Available Worldwide
- Positive Sentiment: Traders bought an unusually large number of Roblox call options, signaling speculative interest that can support the stock in the short term. Unusual options trading activity
- Positive Sentiment: Coverage around Roblox’s safety upgrades and global platform durability has highlighted potential improvements to the company’s long-term compliance posture and international access, including recent reporting that Russia lifted its ban after Roblox pledged better protections for young users. Roblox Sprints on Kids Products Rollout
- Neutral Sentiment: Analysts also pointed to stronger weekend engagement tied to a popular game, which may help offset some concerns about user growth, but this appears more like a usage trend than a major new catalyst. Roblox sees weekend engagement surge on Grow a Garden 2 — TD Cowen
- Negative Sentiment: Roblox faces multiple securities class action notices and law-firm reminders ahead of the August 7 lead-plaintiff deadline, keeping investor focus on alleged disclosure issues around the impact of age-verification changes on DAUs and growth expectations. RBLX Court Deadline: Roblox Corporation Investors are Notified of the Important August 7 Deadline in the Pending Securities Fraud Class Action Lawsuit
Roblox Stock Performance
Shares of RBLX stock opened at $49.48 on Wednesday. The stock has a fifty day moving average price of $49.56 and a 200 day moving average price of $64.76. The stock has a market cap of $33.23 billion, a PE ratio of -31.32 and a beta of 1.44. Roblox Corporation has a 1 year low of $40.15 and a 1 year high of $150.59. 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 for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. Sell-side analysts forecast that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.
Roblox declared that its board has authorized a share buyback program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Roblox Company Profile
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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