Quantbot Technologies LP Sells 98,327 Shares of Roblox Corporation $RBLX

Quantbot Technologies LP lessened its holdings in Roblox Corporation (NYSE:RBLX) by 73.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,069 shares of the company’s stock after selling 98,327 shares during the period. Quantbot Technologies LP’s holdings in Roblox were worth $4,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Roblox by 70.2% in the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after buying an additional 5,363 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Roblox by 74.8% during the second quarter. Envestnet Asset Management Inc. now owns 117,031 shares of the company’s stock worth $12,312,000 after buying an additional 50,087 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of Roblox by 3.1% during the second quarter. New York Life Investment Management LLC now owns 8,849 shares of the company’s stock worth $931,000 after buying an additional 269 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Roblox by 53.7% during the second quarter. Spire Wealth Management now owns 2,559 shares of the company’s stock worth $269,000 after buying an additional 894 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RBLX shares. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Roblox in a research note on Friday, February 6th. Macquarie Infrastructure boosted their price target on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Wolfe Research set a $100.00 price objective on shares of Roblox in a report on Monday, January 5th. Finally, Morgan Stanley cut their target price on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.44.

Roblox Price Performance

Shares of RBLX opened at $68.46 on Monday. The business has a 50-day moving average of $73.63 and a 200-day moving average of $101.33. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of -44.17 and a beta of 1.62. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results 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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm posted ($0.33) EPS. The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction on Friday, February 20th. The shares were sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the transaction, the chief executive officer owned 800,539 shares of the company’s stock, valued at $49,337,218.57. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Reinstra sold 60,000 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the transaction, the insider owned 394,322 shares in the company, valued at approximately $25,212,948.68. The trade was a 13.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 703,144 shares of company stock valued at $51,681,640 over the last 90 days. 12.92% of the stock is owned by company insiders.

About Roblox

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.