Roblox Corporation $RBLX Shares Bought by Triavera Capital LLC

Triavera Capital LLC increased its stake in shares of Roblox Corporation (NYSE:RBLX) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,496 shares of the company’s stock after buying an additional 12,197 shares during the quarter. Roblox comprises approximately 6.5% of Triavera Capital LLC’s investment portfolio, making the stock its 5th biggest position. Triavera Capital LLC’s holdings in Roblox were worth $12,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Roblox during the 2nd quarter valued at $44,000. Pinkerton Wealth LLC acquired a new position in Roblox in the second quarter valued at about $950,000. Beacon Pointe Advisors LLC acquired a new position in Roblox in the second quarter valued at about $281,000. Blueshift Asset Management LLC lifted its position in Roblox by 33.8% during the second quarter. Blueshift Asset Management LLC now owns 33,336 shares of the company’s stock worth $3,507,000 after purchasing an additional 8,422 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Roblox by 24.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,704,693 shares of the company’s stock worth $600,134,000 after buying an additional 1,128,911 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RBLX shares. Wells Fargo & Company cut their price target on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Arete Research set a $116.00 price objective on shares of Roblox in a research report on Tuesday, September 9th. BMO Capital Markets raised their target price on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. BTIG Research lowered their price target on Roblox from $180.00 to $174.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Benchmark restated a “hold” rating on shares of Roblox in a research report on Friday, October 31st. Nineteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $135.78.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of the transaction, the insider owned 239,775 shares of the company’s stock, valued at approximately $23,042,377.50. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 20,912 shares of Roblox stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,991,449.76. Following the transaction, the insider owned 181,043 shares in the company, valued at approximately $17,240,724.89. This trade represents a 10.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,508 shares of company stock worth $41,643,741 over the last quarter. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Down 0.0%

Shares of RBLX opened at $93.78 on Wednesday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The stock has a market capitalization of $61.41 billion, a price-to-earnings ratio of -65.58 and a beta of 1.62. The stock has a fifty day moving average of $116.29 and a 200-day moving average of $114.24.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned ($0.37) EPS. The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.