Roblox Corporation $RBLX Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 1,029.1% during the 4th quarter, HoldingsChannel reports. The firm owned 29,843 shares of the company’s stock after purchasing an additional 27,200 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Roblox were worth $2,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RBLX. NewEdge Advisors LLC boosted its holdings in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after purchasing an additional 231 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after purchasing an additional 5,363 shares during the last quarter. CW Advisors LLC acquired a new position in shares of Roblox during the 2nd quarter worth approximately $272,000. Baird Financial Group Inc. boosted its holdings in shares of Roblox by 1.4% during the 2nd 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 last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Roblox during the 2nd quarter worth approximately $438,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roblox

In other news, CFO Naveen K. Chopra sold 16,863 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total transaction of $763,556.64. Following the sale, the chief financial officer owned 380,758 shares of the company’s stock, valued at approximately $17,240,722.24. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Reinstra sold 18,653 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $57.94, for a total value of $1,080,754.82. Following the sale, the insider directly owned 455,473 shares in the company, valued at $26,390,105.62. This represents a 3.93% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 189,449 shares of company stock valued at $9,179,410 over the last ninety days. 10.05% of the stock is owned by insiders.

Trending Headlines about Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Russia’s digital ministry moved to help lift the Roblox ban, potentially reopening access in a large market if the company meets local safety and compliance demands. Russian ministry requests lifting of Roblox ban
• Neutral Sentiment: Insider Mark Reinstra sold 5,978 shares under a pre-arranged 10b5-1 plan, which is worth watching but does not necessarily signal a change in fundamentals.
• Negative Sentiment: Multiple law firms, including Rosen, Pomerantz, Robbins, Faruqi & Faruqi, Levi & Korsinsky, and others, are promoting a securities class action against Roblox, keeping legal risk and headline pressure elevated. Rosen Law Firm Urges Roblox Corporation (NYSE: RBLX) Stockholders with Large Losses to Contact the Firm for Information About Their Rights

Roblox Trading Up 1.7%

RBLX opened at $43.00 on Wednesday. Roblox Corporation has a one year low of $40.15 and a one year high of $150.59. The stock has a market capitalization of $28.88 billion, a PE ratio of -27.21 and a beta of 1.44. The business’s 50 day moving average price is $50.83 and its 200 day moving average price is $66.39. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm posted ($0.32) earnings per share. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. As a group, equities research analysts expect that Roblox Corporation will post -1.4 EPS for the current year.

Roblox announced that its board has authorized a share repurchase program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently weighed in on RBLX. Wells Fargo & Company lowered their target price on Roblox from $97.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a report on Friday, March 27th. The Goldman Sachs Group decreased their price objective on Roblox from $125.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Finally, Wedbush cut Roblox from a “hold” rating to a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Hold” and a consensus price target of $87.07.

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.