Roblox Corporation $RBLX Shares Sold by Holocene Advisors LP

Holocene Advisors LP decreased its holdings in Roblox Corporation (NYSE:RBLX) by 43.3% in the 3rd quarter, Holdings Channel reports. The firm owned 285,719 shares of the company’s stock after selling 217,850 shares during the period. Holocene Advisors LP’s holdings in Roblox were worth $39,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of RBLX. NewEdge Advisors LLC raised its holdings in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after buying an additional 5,363 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Roblox in the 2nd quarter valued at about $285,000. Allworth Financial LP increased its position in Roblox by 95.7% in the 2nd quarter. Allworth Financial LP now owns 3,090 shares of the company’s stock valued at $325,000 after acquiring an additional 1,511 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Roblox by 58.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,903 shares of the company’s stock valued at $1,147,000 after acquiring an additional 4,004 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of recent research reports. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Benchmark reissued a “hold” rating on shares of Roblox in a report on Monday, February 2nd. BTIG Research reaffirmed a “buy” rating and set a $141.00 price target on shares of Roblox in a report on Friday, February 6th. Canaccord Genuity Group lowered their price objective on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Roblox in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average price target of $117.35.

Roblox Trading Up 4.8%

Shares of RBLX stock opened at $59.12 on Tuesday. The business’s fifty day moving average price is $69.41 and its 200 day moving average price is $96.78. The firm has a market capitalization of $39.12 billion, a PE ratio of -38.14 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. 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) 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%.Roblox’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.33) earnings per share. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 59,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $79.96, for a total value of $4,717,640.00. Following the completion of the sale, the director owned 257,258 shares in the company, valued at $20,570,349.68. This trade represents a 18.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 60,000 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the sale, the insider directly owned 394,322 shares in the company, valued at approximately $25,212,948.68. This represents a 13.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 703,144 shares of company stock worth $51,681,640. Insiders own 12.92% of the company’s stock.

Roblox 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.