Focus Partners Advisor Solutions LLC Sells 16,292 Shares of Roblox Corporation $RBLX

Focus Partners Advisor Solutions LLC reduced its stake in Roblox Corporation (NYSE:RBLX) by 25.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,667 shares of the company’s stock after selling 16,292 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Roblox were worth $3,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Reyes Financial Architecture Inc. boosted its stake in shares of Roblox by 164.4% in the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after buying an additional 194 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in shares of Roblox in the fourth quarter valued at approximately $27,000. Indiana Trust & Investment Management Co bought a new stake in shares of Roblox in the fourth quarter valued at approximately $32,000. Garner Asset Management Corp bought a new stake in shares of Roblox in the fourth quarter valued at approximately $37,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Key Headlines Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Russia’s digital ministry moved to help lift the Roblox ban, potentially reopening access in a large market if the company meets local safety and compliance demands. Russian ministry requests lifting of Roblox ban
• Neutral Sentiment: Insider Mark Reinstra sold 5,978 shares under a pre-arranged 10b5-1 plan, which is worth watching but does not necessarily signal a change in fundamentals.
• Negative Sentiment: Multiple law firms, including Rosen, Pomerantz, Robbins, Faruqi & Faruqi, Levi & Korsinsky, and others, are promoting a securities class action against Roblox, keeping legal risk and headline pressure elevated. Rosen Law Firm Urges Roblox Corporation (NYSE: RBLX) Stockholders with Large Losses to Contact the Firm for Information About Their Rights

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RBLX shares. UBS Group cut their price target on Roblox from $74.00 to $49.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. DA Davidson cut their price target on Roblox from $47.50 to $45.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $62.00 price target on shares of Roblox in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $87.07.

Roblox Stock Up 1.7%

NYSE RBLX opened at $43.00 on Wednesday. The business has a fifty day moving average price of $50.83 and a two-hundred day moving average price of $66.39. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. The stock has a market capitalization of $28.88 billion, a PE ratio of -27.21 and a beta of 1.44.

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

Roblox declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CEO David Baszucki sold 50,628 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total transaction of $2,292,435.84. Following the completion of the transaction, the chief executive officer directly owned 852,214 shares in the company, valued at approximately $38,588,249.92. This represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sean Jack Buckley sold 4,744 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.36, for a total transaction of $219,931.84. Following the transaction, the insider owned 97,141 shares of the company’s stock, valued at $4,503,456.76. This trade represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 189,449 shares of company stock valued at $9,179,410. Corporate insiders own 10.05% of the company’s stock.

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.