120,800 Shares in Roblox Corporation $RBLX Purchased by Kinetic Partners Management LP

Kinetic Partners Management LP bought a new position in Roblox Corporation (NYSE:RBLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 120,800 shares of the company’s stock, valued at approximately $6,569,000.

Several other institutional investors have also added to or reduced their stakes in RBLX. NewEdge Advisors LLC boosted its position 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 acquiring an additional 231 shares during the last quarter. Sivia Capital Partners LLC increased 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 worth $1,368,000 after purchasing an additional 5,363 shares during the last quarter. CW Advisors LLC bought a new stake in Roblox in the second quarter worth $272,000. Baird Financial Group Inc. raised its stake in Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Roblox during the second quarter valued at $438,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox News Summary

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Short interest fell 42.4% to 13.88 million shares as of August 14, down from 24.11 million shares on July 30. Only about 2.3% of Roblox’s outstanding shares are now sold short, and the short-interest ratio is 0.8 days. The reduction suggests that bearish investors have been covering positions, potentially reducing near-term selling pressure on RBLX. Roblox short interest data
• Neutral Sentiment: CEO David Baszucki, CFO Naveen Chopra, CAO Amy Rawlings, and other insiders collectively sold shares worth roughly $4.31 million in transactions dated August 20, with additional shares sold by Sean Jack Buckley on August 24. Most filings said the sales were made to cover tax obligations associated with equity-award vesting, rather than discretionary open-market selling. Roblox insider transaction filings
• Neutral Sentiment: Although the transactions reduced individual insider holdings by approximately 4% to 7%, the executives and directors continued to own substantial positions. As a result, the sales offer limited evidence of deteriorating management confidence and are unlikely to be a major catalyst by themselves. Sean Jack Buckley insider filing

Roblox Stock Up 1.0%

Shares of NYSE RBLX opened at $39.15 on Wednesday. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $26.23 billion, a P/E ratio of -27.38 and a beta of 1.46. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00. The firm has a 50-day simple moving average of $46.77 and a two-hundred day simple moving average of $52.21.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its board has authorized a stock buyback plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to buy up to 9.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Roblox

In related news, CFO Naveen K. Chopra sold 17,509 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $664,641.64. Following the transaction, the chief financial officer owned 363,249 shares of the company’s stock, valued at $13,788,932.04. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Amy Marie Rawlings sold 5,061 shares of Roblox stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.97, for a total transaction of $192,166.17. Following the sale, the chief accounting officer owned 68,745 shares of the company’s stock, valued at $2,610,247.65. The trade was a 6.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 167,976 shares of company stock valued at $6,822,684. 10.05% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research note on Wednesday, June 24th. Raymond James Financial assumed coverage on shares of Roblox in a report on Monday, June 29th. They issued a “market perform” rating for the company. B. Riley Financial reduced their price objective on Roblox from $80.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Morgan Stanley lowered their price objective on Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Citigroup dropped their target price on Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.89.

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.