Compound Planning Inc. Decreases Stake in Roblox Corporation $RBLX

Compound Planning Inc. cut its position in Roblox Corporation (NYSE:RBLX) by 36.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,084 shares of the company’s stock after selling 31,303 shares during the period. Compound Planning Inc.’s holdings in Roblox were worth $7,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RBLX. Pilgrim Partners Asia Pte Ltd purchased a new position in Roblox in the third quarter valued at $26,000. Total Investment Management Inc. purchased a new stake in Roblox during the 2nd quarter worth about $29,000. Whipplewood Advisors LLC acquired a new position in shares of Roblox during the 2nd quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox in the 3rd quarter valued at about $37,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Roblox during the 3rd quarter worth about $38,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the sale, the director owned 261,388 shares of the company’s stock, valued at approximately $24,188,845.52. The trade was a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 758,310 shares of company stock worth $57,121,581. Corporate insiders own 12.92% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $100.00 price target (down from $125.00) on shares of Roblox in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Wolfe Research set a $100.00 price objective on Roblox in a report on Monday, January 5th. Finally, Oppenheimer cut their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.44.

Roblox Trading Up 0.6%

Shares of RBLX stock opened at $62.40 on Tuesday. The firm’s 50-day simple moving average is $74.92 and its 200-day simple moving average is $103.03. 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. The firm has a market cap of $41.29 billion, a P/E ratio of -40.26 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. Roblox’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.33) earnings per share. As a group, equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

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.