Roblox Corporation $RBLX Shares Sold by Comerica Bank

Comerica Bank lessened its holdings in Roblox Corporation (NYSE:RBLX) by 86.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,013 shares of the company’s stock after selling 108,677 shares during the period. Comerica Bank’s holdings in Roblox were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of RBLX. Vanguard Group Inc. lifted its stake in Roblox by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after acquiring an additional 3,284,073 shares in the last quarter. State Street Corp lifted its stake in Roblox by 11.0% during the 3rd quarter. State Street Corp now owns 13,369,844 shares of the company’s stock worth $1,851,991,000 after acquiring an additional 1,326,575 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Roblox by 342.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,551,456 shares of the company’s stock worth $125,714,000 after acquiring an additional 1,200,900 shares in the last quarter. Durable Capital Partners LP lifted its stake in Roblox by 32.4% during the 2nd quarter. Durable Capital Partners LP now owns 4,588,728 shares of the company’s stock worth $482,734,000 after acquiring an additional 1,122,153 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Roblox by 48.9% during the 3rd quarter. Invesco Ltd. now owns 2,625,710 shares of the company’s stock worth $363,713,000 after acquiring an additional 862,754 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RBLX. Bank of America lowered Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Friday, May 1st. Wolfe Research assumed coverage on Roblox in a research note on Friday, May 1st. They set an “outperform” rating on the stock. Citigroup dropped their price target on Roblox from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company decreased their price objective on Roblox from $97.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Finally, Roth Mkm set a $65.00 price target on Roblox in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.17.

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the transaction, the insider owned 307,263 shares in the company, valued at $22,322,656.95. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 272,269 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total value of $19,783,065.54. Following the transaction, the chief executive officer owned 811,373 shares in the company, valued at approximately $58,954,362.18. This represents a 25.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 568,662 shares of company stock valued at $39,170,616 in the last ninety days. Company insiders own 12.92% of the company’s stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $41.88 on Friday. The company has a market cap of $28.12 billion, a P/E ratio of -26.50 and a beta of 1.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. Roblox Corporation has a 52 week low of $41.66 and a 52 week high of $150.59. The business has a fifty day simple moving average of $58.29 and a 200-day simple moving average of $77.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.32) earnings per share. Equities research analysts forecast that Roblox Corporation will post -1.4 EPS for the current year.

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.