Nykredit A S Acquires Shares of 216,090 Roblox Corporation $RBLX

Key Points

• Nykredit A S acquired 216,090 Roblox shares during the second quarter, valued at approximately $11.75 million. Institutional investors collectively own 94.46% of the company.
• Roblox reported a quarterly loss of $0.26 per share, beating expectations of a $0.34 loss, while revenue rose 8.3% year over year to $1.47 billion but fell short of forecasts.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $60.36; Roblox shares opened at $47.88, while insiders have sold roughly $7.54 million in stock over the past 90 days.

Nykredit A S bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 216,090 shares of the company's stock, valued at approximately $11,751,000.

Several other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Roblox in the fourth quarter worth approximately $27,000. LM Advisors LLC bought a new stake in shares of Roblox during the 4th quarter worth approximately $35,000. Hanson & Doremus Investment Management purchased a new position in Roblox during the 1st quarter valued at $25,000. Basecamp Wealth Advisors LLC boosted its holdings in Roblox by 98.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company's stock valued at $29,000 after acquiring an additional 252 shares during the period. Finally, Root Financial Partners LLC grew its position in Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company's stock valued at $32,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Trading Up 0.1%

NYSE RBLX opened at $47.88 on Monday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $32.08 billion, a price-to-earnings ratio of -33.48 and a beta of 1.47. The company's 50-day simple moving average is $43.64 and its two-hundred day simple moving average is $49.40. Roblox Corporation has a one year low of $33.88 and a one year high of $142.00.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter in the prior year, the company earned ($0.41) EPS. The company's revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RBLX shares. Seaport Research Partners lowered Roblox to a "neutral" rating in a research note on Monday, June 29th. Jefferies Financial Group restated a "hold" rating and issued a $38.00 price target on shares of Roblox in a report on Wednesday, September 9th. DA Davidson set a $40.00 price target on shares of Roblox in a research note on Friday, July 31st. Arete Research set a $95.00 price objective on shares of Roblox and gave the company a "buy" rating in a report on Monday, June 29th. Finally, Roth Capital boosted their price objective on shares of Roblox from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Roblox has a consensus rating of "Hold" and an average target price of $60.36.

Insider Activity at Roblox

In other Roblox news, insider Sean Buckley sold 4,321 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the sale, the insider owned 87,213 shares in the company, valued at $3,373,398.84. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 52,568 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $1,995,481.28. Following the sale, the chief executive officer directly owned 799,646 shares in the company, valued at $30,354,562.16. This trade represents a 6.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 185,236 shares of company stock valued at $7,538,642 over the last 90 days. Insiders own 10.05% of the company's stock.

Roblox Profile

Roblox Corporation develops and operates Roblox, an online platform where users can create, share and play interactive experiences. The platform supports a broad range of user-generated content, including games, social spaces, educational activities and entertainment experiences, and is accessible across computers, mobile devices, consoles and other supported platforms.

Roblox provides development tools through Roblox Studio, while its virtual economy uses Robux, a digital currency that users can purchase and spend on virtual items, avatar customization and other platform content.

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