Roblox Corporation (NYSE:RBLX) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 12.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,932 shares of the company's stock after selling 2,806 shares during the period. Penserra Capital Management LLC's holdings in Roblox were worth $1,103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. M&T Bank Corp lifted its position in Roblox by 2.2% in the 4th quarter. M&T Bank Corp now owns 20,539 shares of the company's stock valued at $1,188,000 after acquiring an additional 434 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Roblox in the 4th quarter worth $6,455,000. Raymond James Financial Inc. purchased a new stake in shares of Roblox in the 4th quarter worth $24,217,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Roblox by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,665 shares of the company's stock worth $5,940,000 after buying an additional 2,178 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Roblox by 10.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 61,192 shares of the company's stock worth $3,541,000 after buying an additional 5,953 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

NYSE RBLX traded up $0.59 on Friday, reaching $105.62. 4,539,981 shares of the company's stock traded hands, compared to its average volume of 8,057,775. The firm has a market cap of $71.64 billion, a price-to-earnings ratio of -78.82 and a beta of 1.60. The stock has a 50 day moving average price of $91.80 and a 200-day moving average price of $72.27. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $108.10. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company's revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. Equities research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 139,507 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the completion of the sale, the chief executive officer owned 211,559 shares in the company, valued at $22,253,891.21. This trade represents a 39.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total transaction of $6,856,740.00. Following the sale, the director owned 284,488 shares of the company's stock, valued at $29,555,458.32. This represents a 18.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,645,690 shares of company stock worth $592,729,502 in the last 90 days. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Benchmark increased their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $95.00 price target (up previously from $82.00) on shares of Roblox in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $86.45.

Roblox Company Profile

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.