Roblox Corporation $RBLX Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Roblox Corporation (NYSE:RBLX) by 8.6%, now holding 99,200 shares valued at approximately $5.78 million.
• Roblox's stock analysts have issued a mixture of ratings with a Moderate Buy average, and price targets ranging significantly from $63.00 to $170.00.
• Insider selling has been notable, with CEO David Baszucki selling 687,500 shares amounting to $60.48 million, indicating a substantial decrease in his ownership stake.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in Roblox Corporation (NYSE:RBLX - Free Report) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,200 shares of the company's stock after selling 9,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Roblox were worth $5,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd increased its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox in the 1st quarter valued at approximately $39,000. Colonial Trust Co SC purchased a new stake in shares of Roblox in the 4th quarter valued at approximately $41,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Roblox in the 1st quarter valued at approximately $57,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX stock traded up $2.67 during mid-day trading on Monday, hitting $120.01. The stock had a trading volume of 14,622,176 shares, compared to its average volume of 9,765,065. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The firm has a market cap of $77.41 billion, a PE ratio of -83.92 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The company's 50-day simple moving average is $113.50 and its 200-day simple moving average is $83.34.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm's revenue was up 50.5% on a year-over-year basis. Sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity

In other news, Director Andrea L. Wong sold 5,770 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $130.40, for a total value of $752,408.00. Following the completion of the sale, the director owned 41,891 shares in the company, valued at approximately $5,462,586.40. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the sale, the insider owned 301,223 shares of the company's stock, valued at $40,264,478.41. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,127,213 shares of company stock worth $493,410,989 over the last quarter. Insiders own 12.92% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RBLX shares. Canaccord Genuity Group upped their target price on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC boosted their price target on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets boosted their price target on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price target on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Benchmark boosted their price target on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $117.59.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.