Jefferies Financial Group Inc. Makes New Investment in Roblox Corporation $RBLX

Jefferies Financial Group Inc. purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 161,779 shares of the company’s stock, valued at approximately $22,410,000.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC grew its position in shares of Roblox by 17.8% in the 3rd quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after buying an additional 84 shares during the last quarter. Baird Financial Group Inc. lifted 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 acquiring an additional 102 shares during the last quarter. Lido Advisors LLC lifted 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 during the last quarter. QTR Family Wealth LLC boosted its stake in Roblox by 2.6% in 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 boosted 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 in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the business’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 SEC, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the transaction, the insider directly owned 307,263 shares in the company, valued at $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 703,144 shares of company stock worth $51,681,640 in the last quarter. 12.92% of the stock is owned by insiders.

Roblox Trading Down 4.0%

NYSE RBLX opened at $63.45 on Monday. The company has a fifty day simple moving average of $72.09 and a two-hundred day simple moving average of $99.44. The stock has a market cap of $41.98 billion, a P/E ratio of -40.94 and a beta of 1.62. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company earned ($0.33) earnings per share. The business’s quarterly revenue was up 122.6% compared to the same quarter last year. On average, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

RBLX has been the topic of several analyst reports. Oppenheimer cut their price target on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Finally, Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.35.

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.