Robeco Institutional Asset Management B.V. Has $83.35 Million Stock Position in Roblox Corporation $RBLX

Key Points

• Robeco Institutional Asset Management raised its Roblox stake 16.5% in Q4 to 1,028,571 shares worth $83.35 million (about 0.16% of the company), while institutional investors collectively own roughly 94.46% of the stock.
• Insiders have been net sellers, disposing of 527,018 shares worth $37.15 million in the past 90 days — including recent sales by Arvind Chakravarthy (~40,646 shares, $2.73M) and Mark Reinstra (60,000 shares, $3.84M) — though insiders still hold 12.92%.
• Analyst sentiment is mixed but tilted positive, with a consensus rating of "Moderate Buy" and an average price target of $116.76 despite several recent target cuts by major firms.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,028,571 shares of the company's stock after buying an additional 145,371 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Roblox worth $83,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. WPG Advisers LLC raised its position in Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company's stock valued at $77,000 after buying an additional 84 shares during the period. Baird Financial Group Inc. raised its position in Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company's stock valued at $767,000 after buying an additional 102 shares during the period. Sunbelt Securities Inc. raised its position in Roblox by 58.7% during the third 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. Brown Brothers Harriman & Co. raised its position in Roblox by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company's stock valued at $560,000 after buying an additional 110 shares during the period. Finally, QTR Family Wealth LLC raised its position in Roblox by 2.6% during the third quarter. QTR Family Wealth LLC now owns 4,446 shares of the company's stock valued at $616,000 after buying an additional 111 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RBLX shares. Needham & Company LLC lowered their target price on Roblox from $159.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. BMO Capital Markets restated an "outperform" rating on shares of Roblox in a research note on Friday, February 6th. TD Cowen restated a "sell" rating on shares of Roblox in a research note on Tuesday, January 27th. Morgan Stanley lowered their target price on Roblox from $155.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Finally, Wolfe Research set a $100.00 target price on Roblox in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $116.76.

Insider Activity at Roblox

In other news, insider Arvind Chakravarthy sold 40,646 shares of the company's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total transaction of $2,732,630.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Reinstra sold 60,000 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the sale, the insider owned 394,322 shares of the company's stock, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 527,018 shares of company stock worth $37,145,491 in the last 90 days. Insiders own 12.92% of the company's stock.

Roblox Stock Performance

RBLX opened at $55.55 on Monday. The company has a market cap of $36.75 billion, a PE ratio of -35.84 and a beta of 1.67. The stock has a 50-day moving average of $61.48 and a 200-day moving average of $86.65. Roblox Corporation has a 52-week low of $51.23 and a 52-week high of $150.59. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping 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 return on equity of 304.42% and a negative net margin of 21.78%.The firm's revenue was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.33) EPS. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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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