Nebula Research & Development LLC Reduces Position in Roblox Corporation $RBLX

Nebula Research & Development LLC trimmed its holdings in Roblox Corporation (NYSE:RBLX) by 51.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 38,969 shares of the company’s stock after selling 42,010 shares during the quarter. Nebula Research & Development LLC’s holdings in Roblox were worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Baird Financial Group Inc. raised its holdings in Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after acquiring an additional 102 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of Roblox by 1.3% in the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after purchasing an additional 106 shares during the last quarter. Ossiam lifted its position in Roblox by 2.1% during the second quarter. Ossiam now owns 6,000 shares of the company’s stock worth $631,000 after buying an additional 123 shares in the last quarter. Emerald Advisers LLC grew its holdings in Roblox by 1.9% in the 2nd quarter. Emerald Advisers LLC now owns 6,683 shares of the company’s stock valued at $703,000 after buying an additional 124 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Roblox by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock worth $729,000 after acquiring an additional 127 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the sale, the director directly owned 270,628 shares of the company’s stock, valued at $36,894,715.24. This represents a 19.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Naveen K. Chopra sold 19,424 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the sale, the chief financial officer owned 337,036 shares in the company, valued at approximately $32,095,938.28. This trade represents a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 382,508 shares of company stock worth $40,838,541 over the last 90 days. 12.92% of the stock is owned by insiders.

Roblox Stock Down 4.3%

Shares of NYSE RBLX opened at $94.77 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The business’s 50 day moving average is $111.50 and its two-hundred day moving average is $114.61. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The firm has a market cap of $62.06 billion, a price-to-earnings ratio of -66.27 and a beta of 1.62.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s revenue was up 70.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.37) earnings per share. Research analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RBLX. Weiss Ratings reissued a “sell (d-)” rating on shares of Roblox in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company reduced their price target on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Wedbush reiterated an “outperform” rating and issued a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. Finally, Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $135.96.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.