Focus Partners Advisor Solutions LLC Has $3.86 Million Holdings in Roblox Corporation $RBLX

Focus Partners Advisor Solutions LLC cut its stake in shares of Roblox Corporation (NYSE:RBLX) by 25.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 47,667 shares of the company’s stock after selling 16,292 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Roblox were worth $3,862,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Reyes Financial Architecture Inc. increased its holdings in Roblox by 164.4% in the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 194 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in Roblox in the fourth quarter valued at $27,000. Indiana Trust & Investment Management Co acquired a new stake in Roblox in the fourth quarter valued at $32,000. Garner Asset Management Corp acquired a new stake in Roblox in the fourth quarter valued at $37,000. Finally, Sunbelt Securities Inc. increased its holdings in Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. DA Davidson decreased their price objective on Roblox from $47.50 to $45.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. HSBC downgraded Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Friday, May 1st. Roth Mkm set a $65.00 price objective on Roblox in a report on Tuesday, May 5th. Citigroup decreased their price objective on Roblox from $90.00 to $70.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, BTIG Research downgraded Roblox from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Hold” and an average price target of $87.07.

Key Headlines Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Russia’s digital ministry moved to help lift the Roblox ban, potentially reopening access in a large market if the company meets local safety and compliance demands. Russian ministry requests lifting of Roblox ban
• Neutral Sentiment: Insider Mark Reinstra sold 5,978 shares under a pre-arranged 10b5-1 plan, which is worth watching but does not necessarily signal a change in fundamentals.
• Negative Sentiment: Multiple law firms, including Rosen, Pomerantz, Robbins, Faruqi & Faruqi, Levi & Korsinsky, and others, are promoting a securities class action against Roblox, keeping legal risk and headline pressure elevated. Rosen Law Firm Urges Roblox Corporation (NYSE: RBLX) Stockholders with Large Losses to Contact the Firm for Information About Their Rights

Roblox Stock Performance

Shares of RBLX opened at $43.00 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of $28.88 billion, a P/E ratio of -27.21 and a beta of 1.44. The firm’s fifty day simple moving average is $50.83 and its two-hundred day simple moving average is $66.39. Roblox Corporation has a 12 month low of $40.15 and a 12 month high of $150.59.

Roblox (NYSE:RBLX) last issued 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. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. As a group, analysts predict that Roblox Corporation will post -1.4 EPS for the current year.

Roblox declared that its board has initiated a share buyback program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,895 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $45.24, for a total transaction of $130,969.80. Following the sale, the chief accounting officer owned 35,238 shares of the company’s stock, valued at approximately $1,594,167.12. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Matthew D. Kaufman sold 14,356 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $45.27, for a total transaction of $649,896.12. Following the sale, the insider directly owned 349,964 shares in the company, valued at $15,842,870.28. This trade represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 189,449 shares of company stock valued at $9,179,410. 10.05% of the stock is owned by corporate insiders.

Roblox Company 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.