Roblox Corporation $RBLX Shares Sold by Atreides Management LP

Atreides Management LP lessened its holdings in shares of Roblox Corporation (NYSE:RBLX) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 737,007 shares of the company’s stock after selling 313,535 shares during the period. Roblox accounts for about 2.0% of Atreides Management LP’s investment portfolio, making the stock its 14th biggest holding. Atreides Management LP’s holdings in Roblox were worth $102,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. WPG Advisers LLC increased its holdings in shares of Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after purchasing an additional 84 shares during the period. Baird Financial Group Inc. lifted its holdings in Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares during the period. Lido Advisors LLC grew its position in Roblox by 1.3% in the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after buying an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after acquiring an additional 110 shares during the period. Finally, QTR Family Wealth LLC boosted its holdings in shares of Roblox by 2.6% in the third quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock valued at $616,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Up 0.2%

Roblox stock opened at $56.42 on Friday. The firm has a market cap of $37.33 billion, a price-to-earnings ratio of -36.40 and a beta of 1.62. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The firm’s 50 day moving average price is $69.85 and its two-hundred day moving average price is $97.43. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) EPS. On average, research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Lee sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the sale, the director owned 256,768 shares of the company’s stock, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Canaccord Genuity Group dropped their target price on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Citigroup decreased their price target on Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, February 6th. BTIG Research reissued a “buy” rating and issued a $141.00 price objective on shares of Roblox in a research note on Friday, February 6th. Jefferies Financial Group set a $85.00 price objective on Roblox in a report on Thursday, January 15th. Finally, UBS Group set a $74.00 target price on Roblox in a research note on Friday, February 6th. 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.com, Roblox presently has an average rating of “Moderate Buy” and a consensus 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.