State of Wyoming Takes $1.97 Million Position in Roblox Corporation $RBLX

by · The Markets Daily

State of Wyoming bought a new position in Roblox Corporation (NYSE:RBLX – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 18,687 shares of the company’s stock, valued at approximately $1,966,000. Roblox makes up 0.2% of State of Wyoming’s investment portfolio, making the stock its 27th largest position.

Several other large investors also recently bought and sold shares of the stock. Fox Run Management L.L.C. boosted its holdings in Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock worth $709,000 after buying an additional 4,390 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after acquiring an additional 1,513,608 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Roblox during the 2nd quarter valued at about $120,041,000. Moody Lynn & Lieberson LLC purchased a new position in shares of Roblox in the 2nd quarter valued at about $2,779,000. Finally, Teacher Retirement System of Texas raised its holdings in Roblox by 14.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock worth $8,554,000 after purchasing an additional 10,325 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $88.42 on Friday. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of -61.83 and a beta of 1.62. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The firm has a 50-day simple moving average of $110.03 and a 200-day simple moving average of $114.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. Roblox’s quarterly revenue was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.37) EPS. On average, equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Naveen K. Chopra sold 19,424 shares of Roblox stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the transaction, the chief financial officer owned 337,036 shares in the company, valued at $32,095,938.28. The trade was a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 66,896 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total transaction of $6,992,638.88. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 382,508 shares of company stock valued at $40,838,541 in the last 90 days. 12.92% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on RBLX. Citigroup raised their price objective on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Roth Capital reissued a “neutral” rating and issued a $146.00 price target on shares of Roblox in a report on Friday, October 17th. Cowen reaffirmed a “sell” rating on shares of Roblox in a report on Monday, August 18th. Needham & Company LLC reiterated a “buy” rating and issued a $159.00 target price on shares of Roblox in a research report on Friday, October 31st. Finally, Macquarie boosted their target price on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.88.

View Our Latest Stock Analysis on RBLX

Roblox Company Profile

(Free Report)

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

Recommended Stories

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX – Free Report).