Swiss National Bank Has $79.90 Million Stock Position in Roblox Corporation (NYSE:RBLX)

Key Points

• The Swiss National Bank increased its holdings in Roblox Corporation (NYSE:RBLX) by 1.3%, owning approximately 1,370,800 shares valued at $79.9 million.
• CEO David Baszucki sold 687,500 shares in early June, a significant decrease of 76.47% in his position, which raises concerns about insider sentiment.
• Roblox recently reported a quarterly revenue of $1.44 billion, surpassing analyst expectations, although it still posted a loss of ($0.41) earnings per share.

Swiss National Bank increased its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,370,800 shares of the company's stock after acquiring an additional 18,200 shares during the period. Swiss National Bank owned approximately 0.22% of Roblox worth $79,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd grew its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox during the first quarter valued at $39,000. Colonial Trust Co SC acquired a new stake in shares of Roblox during the fourth quarter valued at $41,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Roblox during the first quarter valued at $57,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 875 shares of Roblox stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea L. Wong sold 5,770 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $130.40, for a total value of $752,408.00. Following the completion of the sale, the director directly owned 41,891 shares in the company, valued at $5,462,586.40. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,201,935 shares of company stock worth $499,388,389 over the last 90 days. Insiders own 12.92% of the company's stock.

Roblox Stock Performance

Shares of NYSE RBLX traded down $4.25 during mid-day trading on Wednesday, hitting $125.28. The company had a trading volume of 871,125 shares, compared to its average volume of 8,700,751. The stock has a market cap of $80.81 billion, a price-to-earnings ratio of -87.78 and a beta of 1.63. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The firm's 50 day simple moving average is $111.20 and its two-hundred day simple moving average is $81.78.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The company's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Roth Mkm increased their target price on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler increased their target price on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and increased their target price for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Finally, Oppenheimer reiterated an "outperform" rating and issued a $125.00 target price (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.59.

Roblox 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.