Tredje AP fonden Has $4.95 Million Holdings in Roblox Co. (NYSE:RBLX)

Tredje AP fonden trimmed its position in Roblox Co. (NYSE:RBLX) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,131 shares of the company’s stock after selling 2,183 shares during the quarter. Tredje AP fonden’s holdings in Roblox were worth $4,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. PARK CIRCLE Co bought a new stake in Roblox in the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Roblox during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC increased its stake in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the period. Washington Trust Advisors Inc. acquired a new position in Roblox in the first quarter worth about $39,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares during the period. 91.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Friday, July 5th. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares of the company’s stock, valued at approximately $14,168,620.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Friday, July 5th. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,168,620.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 166,668 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $40.21, for a total value of $6,701,720.28. Following the completion of the transaction, the chief executive officer now directly owns 142,260 shares in the company, valued at approximately $5,720,274.60. The disclosure for this sale can be found here. Insiders sold a total of 608,675 shares of company stock valued at $25,410,923 over the last ninety days. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 1.0 %

RBLX stock opened at $45.29 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.49. The company has a market cap of $27.11 billion, a P/E ratio of -24.35 and a beta of 1.60. The business has a fifty day moving average of $41.57 and a 200-day moving average of $38.27.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The firm had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.46) EPS. As a group, equities research analysts expect that Roblox Co. will post -1.59 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the topic of several analyst reports. Macquarie upped their price objective on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Benchmark increased their price objective on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Finally, Wedbush reiterated an “outperform” rating and set a $46.00 target price on shares of Roblox in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

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.