Artisan Partners Limited Partnership Sells 384,402 Shares of Roblox Corporation $RBLX

Artisan Partners Limited Partnership lowered its stake in Roblox Corporation (NYSE:RBLX) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,927,215 shares of the company’s stock after selling 384,402 shares during the quarter. Artisan Partners Limited Partnership owned about 0.29% of Roblox worth $266,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. Xponance Inc. raised its holdings in shares of Roblox by 11.9% during the third quarter. Xponance Inc. now owns 125,582 shares of the company’s stock worth $17,396,000 after acquiring an additional 13,355 shares during the period. DNB Asset Management AS increased its holdings in Roblox by 114.0% during the 3rd quarter. DNB Asset Management AS now owns 208,295 shares of the company’s stock worth $28,853,000 after purchasing an additional 110,974 shares in the last quarter. Choreo LLC raised its stake in shares of Roblox by 3.3% in the 3rd quarter. Choreo LLC now owns 24,840 shares of the company’s stock valued at $3,441,000 after purchasing an additional 798 shares during the period. West Family Investments Inc. raised its stake in shares of Roblox by 30.6% in the 3rd quarter. West Family Investments Inc. now owns 2,871 shares of the company’s stock valued at $398,000 after purchasing an additional 672 shares during the period. Finally, Advisor OS LLC bought a new stake in shares of Roblox in the third quarter valued at about $222,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the transaction, the insider owned 307,263 shares in the company, valued at $22,322,656.95. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at $49,337,218.57. This represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 769,144 shares of company stock valued at $57,789,280. Insiders own 12.92% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $71.38 on Friday. The company has a market cap of $47.23 billion, a P/E ratio of -46.05 and a beta of 1.63. The firm’s fifty day moving average price is $73.90 and its two-hundred day moving average price is $102.14. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. 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 (NYSE:RBLX) last announced its 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. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. 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 firm posted ($0.33) EPS. Roblox’s revenue was up 122.6% compared to the same quarter last year. Equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $141.00 target price on shares of Roblox in a research report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. TD Cowen reiterated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Needham & Company LLC cut their price objective on shares of Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $119.44.

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.