Holocene Advisors LP Decreases Stock Position in Roblox Corporation $RBLX

Key Points

• Holocene Advisors LP reduced its Roblox stake by 43.3% in Q3, selling 217,850 shares and retaining 285,719 shares valued at about $39.58 million.
• Roblox’s latest quarter showed EPS -$0.45 (beating estimates) and revenue of $1.42 billion (below estimates) with revenue up 122.6% year‑over‑year; the stock trades around $59 (12‑month range $50.10–$150.59) and a market cap near $39.1 billion.
• Insiders have sold heavily (703,144 shares, ~$51.7 million in the past three months), institutional investors own 94.46% of shares, and analysts give a consensus rating of “Moderate Buy” with an average target of $117.35.

Holocene Advisors LP trimmed its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 43.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,719 shares of the company's stock after selling 217,850 shares during the quarter. Holocene Advisors LP's holdings in Roblox were worth $39,578,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in Roblox in the 3rd quarter valued at about $26,000. Total Investment Management Inc. purchased a new position in shares of Roblox in the 2nd quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Roblox during the third quarter worth about $37,000. Root Financial Partners LLC purchased a new stake in shares of Roblox during the third quarter worth approximately $38,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Roblox during the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $59.12 on Tuesday. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The firm has a market capitalization of $39.12 billion, a P/E ratio of -38.14 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The company's fifty day moving average price is $69.41 and its 200 day moving average price is $96.78.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.04. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of recent research reports. Wells Fargo & Company set a $97.00 price target on shares of Roblox in a research note on Monday, February 9th. DA Davidson initiated coverage on shares of Roblox in a research report on Wednesday, March 4th. They issued a "neutral" rating and a $65.00 price objective on the stock. Oppenheimer reduced their price objective on shares of Roblox from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, February 6th. BTIG Research reaffirmed a "buy" rating and set a $141.00 price objective on shares of Roblox in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Roblox from $100.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $117.35.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 30,034 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arvind Chakravarthy sold 40,646 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were 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 three months, insiders have sold 703,144 shares of company stock valued at $51,681,640. 12.92% of the stock is owned by insiders.

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.

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