Roblox Corporation $RBLX Shares Sold by FORA Capital LLC

FORA Capital LLC cut its holdings in Roblox Corporation (NYSE:RBLX) by 45.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,967 shares of the company’s stock after selling 40,050 shares during the quarter. Roblox comprises 1.2% of FORA Capital LLC’s holdings, making the stock its 12th largest position. FORA Capital LLC’s holdings in Roblox were worth $6,783,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RBLX. NewEdge Advisors LLC raised its position in shares of Roblox by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares during the last quarter. Sivia Capital Partners LLC raised 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 worth $1,368,000 after buying an additional 5,363 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Roblox during the second quarter worth $217,000. Los Angeles Capital Management LLC purchased a new stake in shares of Roblox during the second quarter valued at $285,000. Finally, Illinois Municipal Retirement Fund increased its position in shares of Roblox by 99.6% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 27,452 shares of the company’s stock valued at $2,888,000 after acquiring an additional 13,696 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on RBLX. Jefferies Financial Group set a $85.00 price target on Roblox in a research report on Thursday, January 15th. Canaccord Genuity Group cut their price objective on shares of Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. UBS Group set a $74.00 price objective on shares of Roblox in a research report on Friday, February 6th. Citigroup dropped their target price on Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. reduced their price target on Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.35.

Roblox Stock Up 0.2%

RBLX opened at $56.42 on Friday. The company has a market cap of $37.33 billion, a PE ratio of -36.40 and a beta of 1.62. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The company has a 50-day moving average price of $69.85 and a 200 day moving average price of $97.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last posted its quarterly earnings data 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 company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the firm posted ($0.33) EPS. Roblox’s revenue was up 122.6% compared to the same quarter last year. Sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the transaction, the insider directly owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. This represents a 13.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total value of $577,150.00. Following the completion of the transaction, the director owned 256,768 shares in the company, valued at $21,170,521.60. The trade was a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 703,144 shares of company stock valued at $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.