DNB Asset Management AS Sells 95,545 Shares of Roblox Corporation $RBLX

DNB Asset Management AS trimmed its stake in shares of Roblox Corporation (NYSE:RBLX) by 45.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 112,750 shares of the company’s stock after selling 95,545 shares during the quarter. DNB Asset Management AS’s holdings in Roblox were worth $9,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RBLX. NewEdge Advisors LLC lifted 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 period. Sivia Capital Partners LLC lifted its position in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after acquiring an additional 5,363 shares during the period. CW Advisors LLC bought a new stake in shares of Roblox during the 2nd quarter valued at $272,000. Baird Financial Group Inc. raised its holdings in shares of Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after buying an additional 102 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Roblox during the 2nd quarter worth $438,000. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the company’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 sale, the director owned 1,294,501 shares in the company, valued at approximately $58,213,709.97. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 13,325 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $57.94, for a total value of $772,050.50. Following the completion of the sale, the insider owned 364,320 shares in the company, valued at $21,108,700.80. This trade represents a 3.53% 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. Over the last quarter, insiders have sold 76,144 shares of company stock worth $4,235,769. Corporate insiders own 10.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RBLX. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and lowered their price target for the stock from $54.00 to $49.00 in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $115.00 price target on Roblox in a report on Tuesday, January 20th. Needham & Company LLC began coverage on Roblox in a report on Friday, May 1st. They set a “buy” rating and a $60.00 price target for the company. BTIG Research cut Roblox from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. Finally, Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Hold” and a consensus target price of $87.17.

Roblox Price Performance

Shares of RBLX opened at $47.05 on Tuesday. Roblox Corporation has a 12-month low of $40.15 and a 12-month high of $150.59. The business has a 50-day simple moving average of $54.77 and a two-hundred day simple moving average of $73.27. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The stock has a market cap of $31.60 billion, a PE ratio of -29.78 and a beta of 1.50.

Roblox (NYSE:RBLX) last released its quarterly 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 analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The business’s revenue was up 43.4% on a year-over-year basis. Analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current fiscal 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.