D L Carlson Investment Group Inc. cut its holdings in Roblox Co. (NYSE:RBLX – Free Report) by 22.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,792 shares of the company’s stock after selling 20,517 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Roblox were worth $3,274,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of RBLX. BlackRock Inc. increased its stake in Roblox by 11.0% in the 1st quarter. BlackRock Inc. now owns 22,418,113 shares of the company’s stock valued at $1,008,367,000 after purchasing an additional 2,219,142 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Roblox by 39.4% in the 1st quarter. Vanguard Group Inc. now owns 16,084,809 shares of the company’s stock worth $743,762,000 after buying an additional 4,546,253 shares in the last quarter. FMR LLC grew its stake in Roblox by 7.9% in the 1st quarter. FMR LLC now owns 16,071,655 shares of the company’s stock valued at $722,903,000 after acquiring an additional 1,178,135 shares during the last quarter. ARK Investment Management LLC increased its holdings in Roblox by 6.6% during the 1st quarter. ARK Investment Management LLC now owns 9,026,480 shares of the company’s stock valued at $406,011,000 after acquiring an additional 561,670 shares in the last quarter. Finally, State Street Corp raised its position in Roblox by 23.3% during the third quarter. State Street Corp now owns 8,122,366 shares of the company’s stock worth $291,106,000 after acquiring an additional 1,535,510 shares during the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.
Insider Activity
In related news, Director Gregory Baszucki sold 8,333 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $41.28, for a total value of $343,986.24. Following the transaction, the director now owns 9,871,934 shares in the company, valued at $407,513,435.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Amy Marie Rawlings sold 3,089 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $27.14, for a total transaction of $83,835.46. Following the transaction, the chief accounting officer now directly owns 92,556 shares in the company, valued at $2,511,969.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory Baszucki sold 8,333 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $41.28, for a total transaction of $343,986.24. Following the sale, the director now owns 9,871,934 shares of the company’s stock, valued at approximately $407,513,435.52. The disclosure for this sale can be found here. Insiders sold 981,875 shares of company stock worth $32,192,224 over the last ninety days. Corporate insiders own 27.67% of the company’s stock.
Roblox Stock Performance
Roblox (NYSE:RBLX – Get Free Report) last announced its earnings results on Wednesday, August 9th. The company reported ($0.46) earnings per share for the quarter, meeting the consensus estimate of ($0.46). Roblox had a negative net margin of 46.81% and a negative return on equity of 399.93%. The business had revenue of $780.69 million during the quarter, compared to the consensus estimate of $784.99 million. During the same period in the prior year, the firm earned ($0.30) earnings per share. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, sell-side analysts expect that Roblox Co. will post -1.91 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on RBLX shares. Citigroup dropped their price objective on shares of Roblox from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. DA Davidson cut their price target on Roblox from $55.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, August 10th. Stifel Nicolaus decreased their price objective on Roblox from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Roblox from $55.00 to $45.00 in a research note on Thursday, August 10th. Finally, Morgan Stanley raised shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $30.00 in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Roblox currently has an average rating of “Hold” and a consensus price target of $38.36.
Check Out Our Latest Research Report on Roblox
About Roblox
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
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