18,204 Shares in Roblox Corporation $RBLX Bought by Leonteq Securities AG

Leonteq Securities AG bought a new position in Roblox Corporation (NYSE:RBLX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,204 shares of the company’s stock, valued at approximately $1,475,000.

A number of other hedge funds have also modified their holdings of the stock. Baird Financial Group Inc. grew its holdings in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after acquiring an additional 102 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after buying an additional 105 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after buying an additional 110 shares during the period. Westpac Banking Corp boosted its position in shares of Roblox by 0.6% in the third quarter. Westpac Banking Corp now owns 20,043 shares of the company’s stock worth $2,776,000 after buying an additional 115 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Roblox by 1.3% in the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock worth $1,091,000 after buying an additional 138 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $44.97, for a total value of $749,470.02. Following the transaction, the director owned 1,294,501 shares in the company, valued at $58,213,709.97. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 13,325 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $57.94, for a total value of $772,050.50. Following the completion of the sale, the insider directly owned 364,320 shares of the company’s stock, valued at $21,108,700.80. This represents a 3.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 65,310 shares of company stock worth $3,568,070 over the last 90 days. 10.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on RBLX shares. Bank of America cut Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Friday, May 1st. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wolfe Research started coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating for the company. Barclays decreased their target price on Roblox from $115.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Finally, Oppenheimer started coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.17.

Roblox Stock Performance

Shares of NYSE RBLX opened at $46.11 on Friday. The business’s 50-day moving average price is $53.81 and its two-hundred day moving average price is $71.69. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89. Roblox Corporation has a one year low of $40.15 and a one year high of $150.59. The company has a market capitalization of $30.97 billion, a P/E ratio of -29.18 and a beta of 1.50.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. Analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.