Roblox Corporation $RBLX Stock Holdings Reduced by Triavera Capital LLC

Triavera Capital LLC reduced its position in Roblox Corporation (NYSE:RBLX) by 41.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,189 shares of the company’s stock after selling 48,307 shares during the quarter. Roblox makes up about 4.7% of Triavera Capital LLC’s investment portfolio, making the stock its 13th largest holding. Triavera Capital LLC’s holdings in Roblox were worth $9,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC grew its stake in shares of Roblox by 17.8% in the 3rd quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after buying an additional 84 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after buying an additional 102 shares during the last quarter. Lido Advisors LLC raised its position in Roblox by 1.3% during the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after acquiring an additional 106 shares in the last quarter. 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 acquiring an additional 111 shares in the last quarter. Finally, Perpetual Ltd lifted its stake in Roblox by 0.6% in the third quarter. Perpetual Ltd now owns 19,043 shares of the company’s stock valued at $2,638,000 after acquiring an additional 115 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Roblox news, CEO David Baszucki sold 272,269 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54. Following the sale, the chief executive officer directly owned 811,373 shares in the company, valued at $58,954,362.18. This trade represents a 25.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony P. Lee sold 59,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the transaction, the director owned 257,258 shares in the company, valued at approximately $20,570,349.68. The trade was a 18.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 703,144 shares of company stock worth $51,681,640. Corporate insiders own 12.92% of the company’s stock.

Roblox Stock Down 4.0%

Roblox stock opened at $63.45 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a fifty day moving average price of $72.09 and a two-hundred day moving average price of $99.71. The firm has a market cap of $41.98 billion, a price-to-earnings ratio of -40.94 and a beta of 1.62.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.04. The firm 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 for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) EPS. As a group, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RBLX. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. UBS Group set a $74.00 price objective on shares of Roblox in a research note on Friday, February 6th. TD Cowen reissued a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. Oppenheimer cut their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Citigroup reduced their price target on Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.35.

Roblox Company 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.