Roblox Corporation $RBLX Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in Roblox Corporation (NYSE:RBLX) by 38.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,693,262 shares of the company’s stock after selling 1,071,564 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.26% of Roblox worth $234,551,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RBLX. Norges Bank purchased a new stake in Roblox in the 2nd quarter valued at about $350,720,000. Vanguard Group Inc. boosted its stake in Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after buying an additional 3,284,073 shares during the period. Federated Hermes Inc. increased its position in shares of Roblox by 103.0% during the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock valued at $341,410,000 after acquiring an additional 1,646,871 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Roblox by 47.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock valued at $503,718,000 after acquiring an additional 1,531,380 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in shares of Roblox by 359.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock valued at $191,295,000 after acquiring an additional 1,422,894 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

RBLX stock opened at $58.76 on Wednesday. The business’s 50-day moving average is $71.25 and its two-hundred day moving average is $98.66. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $38.88 billion, a P/E ratio of -37.91 and a beta of 1.62. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) earnings per share. Analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the sale, the chief executive officer owned 800,539 shares in the company, valued at $49,337,218.57. This represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on RBLX. B. Riley Financial began coverage on shares of Roblox in a report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 target price for the company. The Goldman Sachs Group lowered their price target on Roblox from $180.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research note on Tuesday, January 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $117.35.

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.