181,051 Shares in Roblox Corporation $RBLX Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of Roblox Corporation (NYSE:RBLX) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 181,051 shares of the company’s stock, valued at approximately $9,846,000.

Several other institutional investors also recently bought and sold shares of RBLX. Kinetic Partners Management LP purchased a new position in Roblox during the 2nd quarter worth $6,569,000. S&CO Inc. acquired a new position in Roblox during the second quarter worth $921,000. Stonekeep Investments LLC grew its holdings in Roblox by 2.4% during the second quarter. Stonekeep Investments LLC now owns 9,070 shares of the company’s stock worth $493,000 after acquiring an additional 213 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in Roblox in the second quarter worth $226,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Roblox by 13.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 30,034 shares of the company’s stock valued at $1,633,000 after acquiring an additional 3,498 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBLX has been the topic of several research analyst reports. Canaccord Genuity Group set a $58.00 target price on shares of Roblox in a research report on Friday, July 31st. BMO Capital Markets cut shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research note on Friday, July 31st. Wedbush lowered shares of Roblox from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $65.00 to $40.00 in a research report on Friday, July 31st. Cantor Fitzgerald assumed coverage on shares of Roblox in a report on Monday, June 29th. They issued an “overweight” rating for the company. Finally, Roth Capital set a $65.00 price target on shares of Roblox in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.89.

Roblox Stock Performance

NYSE RBLX opened at $41.32 on Tuesday. The business’s 50-day moving average price is $45.92 and its 200 day moving average price is $51.39. The company has a current ratio of 0.82, a quick 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 company has a market capitalization of $27.68 billion, a PE ratio of -28.90 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the business earned ($0.41) EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, research analysts predict that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its board has approved a share repurchase program on Tuesday, May 19th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to purchase up to 9.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 17,934 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $680,774.64. Following the transaction, the insider owned 398,064 shares of the company’s stock, valued at $15,110,509.44. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen K. Chopra sold 17,509 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $664,641.64. Following the transaction, the chief financial officer directly owned 363,249 shares in the company, valued at approximately $13,788,932.04. This represents a 4.60% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 168,213 shares of company stock valued at $6,831,901. 10.05% of the stock is currently owned by corporate 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.