Fieldview Capital Management LLC Boosts Holdings in Roblox Corporation $RBLX

Fieldview Capital Management LLC increased its position in shares of Roblox Corporation (NYSE:RBLX) by 226.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,019 shares of the company’s stock after buying an additional 23,597 shares during the quarter. Roblox comprises 0.8% of Fieldview Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Fieldview Capital Management LLC’s holdings in Roblox were worth $4,712,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in 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 buying an additional 231 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Roblox by 70.2% in the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after acquiring an additional 5,363 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Roblox during the second quarter worth about $217,000. Sigma Planning Corp acquired a new position in Roblox during the 2nd quarter worth approximately $421,000. Finally, SouthState Corp raised its stake in shares of Roblox by 232.1% during the 2nd quarter. SouthState Corp now owns 435 shares of the company’s stock worth $46,000 after buying an additional 304 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on RBLX. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. The Goldman Sachs Group cut their price objective on Roblox from $180.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, February 6th. B. Riley Financial assumed coverage on Roblox in a report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 target price for the company. Canaccord Genuity Group decreased their target price 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, Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of Roblox in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.35.

Roblox Stock Down 4.0%

Roblox stock opened at $63.45 on Monday. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of -40.94 and a beta of 1.62. The stock’s fifty day moving average is $72.09 and its two-hundred day moving average is $99.44. 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 released its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted ($0.33) EPS. The business’s revenue was up 122.6% on a year-over-year basis. Analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the sale, the insider directly owned 394,322 shares in the company, valued at $25,212,948.68. This represents a 13.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 40,646 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total transaction of $2,732,630.58. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 703,144 shares of company stock worth $51,681,640 in the last three months. Company insiders own 12.92% of the company’s stock.

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.