Penserra Capital Management LLC Sells 2,806 Shares of Roblox Corporation (NYSE:RBLX)

Penserra Capital Management LLC lessened its position in Roblox Corporation (NYSE:RBLX - Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,932 shares of the company's stock after selling 2,806 shares during the quarter. Penserra Capital Management LLC's holdings in Roblox were worth $1,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RBLX. FMR LLC grew its stake in shares of Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after buying an additional 4,406,885 shares during the last quarter. Durable Capital Partners LP bought a new position in shares of Roblox during the fourth quarter valued at about $246,560,000. Finally, Norges Bank bought a new position in shares of Roblox during the fourth quarter valued at about $167,211,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of RBLX opened at $104.91 on Wednesday. The company has a market capitalization of $71.16 billion, a P/E ratio of -78.29 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The firm has a 50 day moving average of $89.67 and a 200 day moving average of $71.40. Roblox Corporation has a twelve month low of $35.30 and a twelve month high of $108.00.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. The company 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 firm's quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) earnings per share. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $102.58, for a total transaction of $615,480.00. Following the transaction, the insider owned 313,223 shares in the company, valued at $32,130,415.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction 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 transaction, the director owned 284,488 shares in the company, valued at $29,555,458.32. This represents a 18.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,645,690 shares of company stock valued at $592,729,502. Company insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RBLX. BTIG Research raised their price objective on Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group increased their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Citigroup reiterated a "buy" rating on shares of Roblox in a report on Monday. Barclays increased their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Roblox from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.52.

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.

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.