Centiva Capital LP Has $6.12 Million Stake in Roblox Corporation $RBLX

Centiva Capital LP lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 1,269.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,183 shares of the company’s stock after acquiring an additional 40,956 shares during the period. Centiva Capital LP’s holdings in Roblox were worth $6,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Roblox in the third quarter valued at $26,000. Total Investment Management Inc. bought a new position in shares of Roblox during the 2nd quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Roblox during the 3rd quarter worth about $37,000. Root Financial Partners LLC acquired a new stake in shares of Roblox in the 3rd quarter valued at about $38,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Roblox in the 3rd quarter valued at about $41,000. 94.46% of the stock is owned by institutional investors.

Roblox Trading Up 0.2%

RBLX opened at $56.42 on Friday. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a market capitalization of $37.33 billion, a PE ratio of -36.40 and a beta of 1.62. 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’s 50-day moving average is $69.85 and its 200 day moving average is $97.43.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s quarterly revenue was up 122.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.33) EPS. As a group, research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the transaction, the insider directly owned 394,322 shares in the company, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 40,646 shares of Roblox stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total transaction of $2,732,630.58. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 703,144 shares of company stock valued at $51,681,640 over the last 90 days. Corporate insiders own 12.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Wolfe Research set a $100.00 target price on Roblox in a research report on Monday, January 5th. Finally, Canaccord Genuity Group cut their target price on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.