Polianta Ltd grew its position in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 56.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 42,100 shares of the company’s stock after acquiring an additional 15,200 shares during the period. Roblox comprises about 0.3% of Polianta Ltd’s holdings, making the stock its 17th largest holding. Polianta Ltd’s holdings in Roblox were worth $2,289,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RBLX. Baird Financial Group Inc. lifted its stake in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares during the period. Sunbelt Securities Inc. grew its stake in Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after purchasing an additional 105 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after purchasing an additional 110 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Roblox by 1.3% in the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock worth $1,091,000 after purchasing an additional 138 shares in the last quarter. Finally, L2 Asset Management LLC lifted its position in Roblox by 5.9% during the third quarter. L2 Asset Management LLC now owns 2,783 shares of the company’s stock valued at $386,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Insider Buying and Selling
In other Roblox news, insider Matthew D. Kaufman sold 14,356 shares of the stock in a transaction on 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 trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO David Baszucki sold 50,628 shares of Roblox 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 sale, the chief executive officer directly owned 852,214 shares of the company’s stock, valued at approximately $38,588,249.92. The trade was a 5.61% 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 161,983 shares of company stock worth $7,455,828 over the last 90 days. 10.05% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Roblox
Roblox Stock Up 5.0%
NYSE:RBLX opened at $37.84 on Friday. The firm has a market cap of $25.35 billion, a P/E ratio of -26.46 and a beta of 1.46. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. Roblox Corporation has a fifty-two week low of $33.88 and a fifty-two week high of $142.00. The firm has a 50-day simple moving average of $48.28 and a two-hundred day simple moving average of $55.31.
Roblox (NYSE:RBLX – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts predict that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.
Roblox announced that its board has approved a stock repurchase plan on Tuesday, May 19th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to purchase 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 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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