Roblox Corporation $RBLX Holdings Trimmed by Triavera Capital LLC

Triavera Capital LLC reduced its position in shares of Roblox Corporation (NYSE:RBLX) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,189 shares of the company’s stock after selling 48,307 shares during the period. Roblox makes up about 4.7% of Triavera Capital LLC’s investment portfolio, making the stock its 13th largest position. Triavera Capital LLC’s holdings in Roblox were worth $9,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC grew its stake in shares of Roblox by 17.8% in the 3rd quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after purchasing an additional 84 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Roblox by 1.4% during the second 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 last quarter. Lido Advisors LLC lifted its stake in Roblox by 1.3% during the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after purchasing an additional 106 shares during the last quarter. QTR Family Wealth LLC boosted its holdings in Roblox by 2.6% during the third quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock worth $616,000 after buying an additional 111 shares in the last quarter. Finally, Perpetual Ltd boosted its holdings in Roblox by 0.6% during the third quarter. Perpetual Ltd now owns 19,043 shares of the company’s stock worth $2,638,000 after buying an additional 115 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Down 4.0%

Shares of NYSE:RBLX opened at $63.45 on Friday. The firm has a 50 day simple moving average of $72.09 and a 200 day simple moving average of $99.71. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $41.98 billion, a PE ratio of -40.94 and a beta of 1.62.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. As a group, research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the sale, the insider directly owned 307,263 shares of the company’s stock, valued at $22,322,656.95. This trade represents a 8.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 703,144 shares of company stock worth $51,681,640 over the last ninety days. 12.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RBLX. Canaccord Genuity Group dropped their price target on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Barclays reduced their price objective on Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Benchmark restated a “hold” rating on shares of Roblox in a report on Monday, February 2nd. Oppenheimer cut their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Morgan Stanley decreased their price target on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $117.35.

About Roblox

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.