Arrowstreet Capital Limited Partnership Decreases Position in Roblox Corporation $RBLX

Arrowstreet Capital Limited Partnership decreased its position in Roblox Corporation (NYSE:RBLX) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,878,554 shares of the company’s stock after selling 826,139 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.74% of Roblox worth $675,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its stake in shares of Roblox by 48.9% during the 3rd quarter. Invesco Ltd. now owns 2,625,710 shares of the company’s stock worth $363,713,000 after acquiring an additional 862,754 shares during the period. Sei Investments Co. raised its stake in Roblox by 7.3% in the 3rd quarter. Sei Investments Co. now owns 403,497 shares of the company’s stock valued at $55,893,000 after acquiring an additional 27,563 shares during the period. Intrepid Financial Planning Group LLC lifted its holdings in Roblox by 3.6% during the third quarter. Intrepid Financial Planning Group LLC now owns 5,156 shares of the company’s stock valued at $714,000 after purchasing an additional 178 shares during the last quarter. Atika Capital Management LLC boosted its position in Roblox by 30.7% during the third quarter. Atika Capital Management LLC now owns 142,500 shares of the company’s stock worth $19,739,000 after purchasing an additional 33,500 shares during the period. Finally, Monolith Management Ltd bought a new position in Roblox during the third quarter worth about $1,247,000. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the sale, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 10,834 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the transaction, the chief executive officer owned 800,539 shares of the company’s stock, valued at $49,337,218.57. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 703,144 shares of company stock valued at $51,681,640 over the last quarter. Company insiders own 12.92% of the company’s stock.

Roblox Price Performance

Roblox stock opened at $56.33 on Friday. The stock has a market cap of $37.27 billion, a price-to-earnings ratio of -36.34 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The business has a 50-day simple moving average of $70.34 and a 200 day simple moving average of $98.10. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RBLX shares. Oppenheimer lowered their price target on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. UBS Group set a $74.00 price objective on shares of Roblox in a research note on Friday, February 6th. DA Davidson assumed coverage on shares of Roblox in a report on Wednesday, March 4th. They set a “neutral” rating and a $65.00 target price on the stock. Barclays dropped their target price on Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Finally, TD Cowen reiterated a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.35.

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.