Mizuho Markets Cayman LP Buys Shares of 25,056 Roblox Corporation $RBLX

Mizuho Markets Cayman LP purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,056 shares of the company’s stock, valued at approximately $3,471,000.

A number of other large investors have also recently made changes to their positions in RBLX. WPG Advisers LLC raised its holdings in shares of Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after purchasing an additional 84 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares during the last quarter. Lido Advisors LLC grew its position in Roblox by 1.3% in the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock worth $897,000 after purchasing an additional 106 shares during the period. Brown Brothers Harriman & Co. grew its position in Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after purchasing an additional 110 shares during the period. Finally, QTR Family Wealth LLC raised its stake in Roblox by 2.6% during the 3rd quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock valued at $616,000 after buying an additional 111 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RBLX shares. Oppenheimer dropped their price target on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. UBS Group set a $74.00 price objective on Roblox in a research report on Friday, February 6th. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Benchmark reissued a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group reduced their price target on shares of Roblox from $180.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.35.

Insiders Place Their Bets

In related news, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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. Over the last 90 days, insiders have sold 703,144 shares of company stock valued at $51,681,640. 12.92% of the stock is currently owned by corporate insiders.

Roblox Trading Up 4.8%

Shares of RBLX stock opened at $59.12 on Tuesday. 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 cap of $39.12 billion, a price-to-earnings ratio of -38.14 and a beta of 1.62. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The firm has a fifty day moving average price of $69.41 and a 200-day moving average price of $96.78.

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

Roblox Company 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.