PensionDanmark Pensionsforsikringsaktieselskab Has $7.08 Million Stock Holdings in Roblox Corporation $RBLX

Key Points

• PensionDanmark increased its Roblox stake by 35.5% in the second quarter, adding 34,120 shares to own 130,130 shares valued at approximately $7.08 million. Institutional investors collectively own 94.46% of Roblox.
• Roblox reported a quarterly loss of $0.26 per share, beating expectations for a $0.34 loss, while revenue rose 8.3% year over year to $1.47 billion but fell short of the $1.60 billion consensus estimate.
• Analyst sentiment is mixed, with Roblox carrying a consensus “Hold” rating and an average price target of $60.89; recent firms lowered targets or downgraded the stock. The company also authorized a $3 billion share-repurchase program, covering up to 9.5% of shares.

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 35.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,130 shares of the company's stock after purchasing an additional 34,120 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Roblox were worth $7,076,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its stake in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company's stock valued at $39,000 after buying an additional 105 shares during the period. Horizon Investments LLC raised its stake in Roblox by 2,636.4% during the 3rd quarter. Horizon Investments LLC now owns 301 shares of the company's stock worth $42,000 after buying an additional 290 shares during the period. Reyes Financial Architecture Inc. raised its stake in Roblox by 164.4% during the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company's stock worth $25,000 after buying an additional 194 shares during the period. Fideuram Asset Management Ireland dac bought a new position in Roblox in the fourth quarter worth approximately $27,000. Finally, GW&K Investment Management LLC boosted its holdings in Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company's stock worth $30,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Up 5.0%

RBLX stock opened at $37.84 on Friday. The firm has a market capitalization of $25.35 billion, a PE ratio of -26.46 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a twelve month low of $33.88 and a twelve month high of $142.00. The stock's 50 day moving average is $48.28 and its 200-day moving average is $55.31.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm posted ($0.41) EPS. Roblox's quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts expect that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox declared that its board has initiated a stock repurchase plan on Tuesday, May 19th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RBLX shares. BMO Capital Markets downgraded Roblox from an "outperform" rating to a "market perform" rating and set a $45.00 price objective for the company. in a report on Friday, July 31st. Weiss Ratings reiterated a "sell (e+)" rating on shares of Roblox in a report on Wednesday, June 24th. Barclays reduced their price target on shares of Roblox from $60.00 to $47.00 and set an "equal weight" rating for the company in a research report on Monday, August 3rd. B. Riley Financial decreased their price target on shares of Roblox from $80.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Finally, BTIG Research downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.89.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 4,512 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $57.34, for a total value of $258,718.08. Following the completion of the sale, the insider directly owned 422,248 shares of the company's stock, valued at approximately $24,211,700.32. This represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sean Jack Buckley sold 4,744 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $46.36, for a total transaction of $219,931.84. Following the completion of the sale, the insider directly owned 97,141 shares of the company's stock, valued at $4,503,456.76. The trade was a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 161,983 shares of company stock valued at $7,455,828 over the last 90 days. 10.05% of the stock is currently owned by company insiders.

Roblox Profile

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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