Engineers Gate Manager LP grew its holdings in Roblox Corporation (NYSE:RBLX – Free Report) by 97.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,744 shares of the company’s stock after acquiring an additional 144,600 shares during the period. Engineers Gate Manager LP’s holdings in Roblox were worth $23,802,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its position 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 acquiring an additional 105 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Roblox by 2,636.4% in the third quarter. Horizon Investments LLC now owns 301 shares of the company’s stock valued at $42,000 after acquiring an additional 290 shares in the last quarter. Reyes Financial Architecture Inc. lifted its position in shares of Roblox by 164.4% in the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Roblox in the fourth quarter valued at about $27,000. Finally, GW&K Investment Management LLC lifted its position in shares of Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after acquiring an additional 161 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Roblox
Here are the key news stories impacting Roblox this week:
- Positive Sentiment: Roblox launched new global age-based accounts, including Roblox Kids and Roblox Select, aimed at strengthening protections for users under 16. Investors appear to be viewing the rollout as a constructive step for platform safety and long-term trust. Roblox Kids and Roblox Select Accounts Now Available Worldwide
- Positive Sentiment: Trading activity showed unusually heavy call-option buying, which can signal that some investors are positioning for more upside after the recent pullback and safety-related product announcements.
- Neutral Sentiment: Analysts remain mixed on Roblox, suggesting uncertainty around whether the recent safety initiatives will translate into durable user growth and improved sentiment. Analysts Conflicted on These Communication Services Names: Fox (FOXA) and Roblox (RBLX)
- Negative Sentiment: Multiple law firms are urging investors to join or lead a securities class action against Roblox, extending concerns about alleged disclosures related to age verification and the impact on growth. Bronstein, Gewirtz & Grossman LLC Urges Roblox Corporation Investors to Act: Class Action Filed Alleging Investor Harm
- Negative Sentiment: The stock is also reacting to news that Roblox fell more steeply than the broader market, reinforcing the current weakness in investor sentiment. Roblox (RBLX) Falls More Steeply Than Broader Market: What Investors Need to Know
Roblox Price Performance
Roblox (NYSE:RBLX – Get Free Report) last posted its earnings results 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 the consensus estimate of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.32) earnings per share. On average, equities research analysts forecast that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.
Roblox announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Insider Activity at Roblox
In other Roblox news, CEO David Baszucki sold 50,628 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 852,214 shares of the company’s stock, valued at $38,588,249.92. The trade was a 5.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Matthew D. Kaufman sold 14,356 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total value of $649,896.12. Following the sale, the insider directly owned 349,964 shares in the company, valued at $15,842,870.28. The trade was a 3.94% 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. Insiders sold a total of 189,449 shares of company stock valued at $9,179,410 over the last ninety days. 10.05% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
RBLX has been the topic of several research analyst reports. Roth Mkm set a $65.00 price objective on Roblox in a research report on Tuesday, May 5th. Bank of America downgraded Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research report on Friday, May 1st. Wolfe Research initiated coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating on the stock. Wall Street Zen downgraded Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, Canaccord Genuity Group decreased their target price on Roblox from $140.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.07.
View Our Latest Stock Analysis on RBLX
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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