Roblox Corporation $RBLX Stake Lowered by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its stake in shares of Roblox Corporation (NYSE:RBLX) by 95.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,240 shares of the company’s stock after selling 51,737 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Roblox were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Roblox in the second quarter valued at $350,720,000. Federated Hermes Inc. increased its holdings in shares of Roblox by 103.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock worth $341,410,000 after acquiring an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA increased its holdings 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 worth $503,718,000 after acquiring an additional 1,531,380 shares during the period. Vanguard Group Inc. lifted its position in Roblox by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Roblox by 359.8% during 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 purchasing an additional 1,422,894 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on RBLX shares. Morgan Stanley decreased their target price on shares of Roblox from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Wells Fargo & Company decreased their price objective on Roblox from $141.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Jefferies Financial Group set a $85.00 price target on Roblox in a research report on Thursday, January 15th. Finally, Canaccord Genuity Group set a $160.00 price target on Roblox in a research note on Thursday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $135.23.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 66,896 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $76.48, for a total value of $5,116,206.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Reinstra sold 16,782 shares of Roblox stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $1,598,317.68. Following the sale, the insider directly owned 370,532 shares of the company’s stock, valued at $35,289,467.68. This trade represents a 4.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 504,300 shares of company stock valued at $46,290,436 over the last ninety days. Insiders own 12.92% of the company’s stock.

Roblox Price Performance

RBLX opened at $74.18 on Friday. The firm has a market capitalization of $48.58 billion, a P/E ratio of -51.87 and a beta of 1.64. The stock has a fifty day moving average of $86.35 and a 200-day moving average of $111.02. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned ($0.37) earnings per share. Roblox’s quarterly revenue was up 70.3% on a year-over-year basis. Equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.