Numerai GP LLC Reduces Stock Holdings in Roblox Corporation $RBLX

Numerai GP LLC cut its stake in shares of Roblox Corporation (NYSE:RBLX) by 57.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,493 shares of the company’s stock after selling 40,545 shares during the period. Numerai GP LLC’s holdings in Roblox were worth $4,085,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of RBLX. National Pension Service lifted its holdings in Roblox by 7.3% in the 3rd quarter. National Pension Service now owns 1,697,820 shares of the company’s stock worth $235,182,000 after buying an additional 115,096 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after acquiring an additional 1,513,608 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Roblox by 298.4% during the third quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock worth $45,617,000 after acquiring an additional 246,652 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Roblox in the second quarter worth about $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Roblox in the third quarter worth about $2,895,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 272,269 shares of Roblox stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54. Following the completion of the transaction, the chief executive officer directly owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 59,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the sale, the director directly owned 257,258 shares of the company’s stock, valued at approximately $20,570,349.68. This represents a 18.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 703,144 shares of company stock worth $51,681,640. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RBLX. Needham & Company LLC lowered their price objective on Roblox from $159.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Barclays reduced their target price on Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. DA Davidson started coverage on shares of Roblox in a research note on Wednesday, March 4th. They issued a “neutral” rating and a $65.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. Finally, B. Riley Financial initiated coverage on shares of Roblox in a report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $117.35.

Roblox Price Performance

Shares of NYSE RBLX opened at $59.12 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of -38.14 and a beta of 1.62. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The business has a 50 day simple moving average of $69.41 and a 200-day simple moving average of $96.78.

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

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.