Roblox Corporation $RBLX Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its position in shares of Roblox Corporation (NYSE:RBLX) by 29.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,125 shares of the company’s stock after selling 11,060 shares during the period. Sanctuary Advisors LLC’s holdings in Roblox were worth $1,478,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in shares of Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after purchasing an additional 105 shares during the period. Horizon Investments LLC raised its holdings in Roblox by 2,636.4% in the third quarter. Horizon Investments LLC now owns 301 shares of the company’s stock valued at $42,000 after buying an additional 290 shares during the period. Reyes Financial Architecture Inc. lifted its position in Roblox by 164.4% during the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after buying an additional 194 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Roblox during the fourth quarter valued at approximately $27,000. Finally, GW&K Investment Management LLC raised its stake in shares of Roblox by 76.3% in the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after acquiring an additional 161 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Sean Jack Buckley sold 4,744 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.36, for a total value of $219,931.84. Following the sale, the insider owned 97,141 shares in the company, valued at approximately $4,503,456.76. This represents a 4.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total transaction of $2,292,435.84. Following the completion of the sale, the chief executive officer owned 852,214 shares in the company, valued at approximately $38,588,249.92. This trade represents a 5.61% 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. In the last three months, insiders have sold 161,983 shares of company stock worth $7,580,990. 10.05% of the stock is currently owned by insiders.

Roblox Stock Performance

Roblox stock opened at $47.57 on Friday. Roblox Corporation has a 52 week low of $40.15 and a 52 week high of $150.59. 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 cap of $31.95 billion, a P/E ratio of -30.11 and a beta of 1.41. The stock has a 50 day moving average of $49.17 and a 200-day moving average of $58.04.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The business’s revenue was up 43.4% compared to the same quarter last year. On average, analysts expect that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RBLX shares. Oppenheimer started coverage on shares of Roblox in a report on Friday, May 1st. They set an “outperform” rating on the stock. UBS Group began coverage on Roblox in a research report on Monday, June 29th. They issued a “buy” rating on the stock. Cantor Fitzgerald started coverage on Roblox in a research note on Monday, June 29th. They set an “overweight” rating on the stock. DA Davidson decreased their target price on Roblox from $47.50 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Finally, Bank of America lowered Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.85.

More Roblox News

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Barclays reiterated its Hold rating on Roblox, which may help limit downside by signaling the stock still has some analyst support. Article: Barclays Sticks to Its Hold Rating for Roblox (RBLX)
• Neutral Sentiment: Roblox continues to attract attention around its new Build AI-powered creation tool, which could improve long-term user engagement and creation activity, but the impact on near-term earnings remains uncertain. Article: Roblox (RBLX) Unveiled Build, Is The Stock Fully Priced?
• Neutral Sentiment: The company is also expected to report earnings soon, keeping investors focused on upcoming fundamentals rather than just litigation headlines. Article: Roblox (RBLX) to Release Earnings on Thursday
• Negative Sentiment: Several law firms, including Rosen, Bernstein Liebhard, Pomerantz, Hagens Berman, Faruqi & Faruqi, and Robbins Geller, issued investor alerts tied to an expanded securities class action, reinforcing legal overhang on the stock. Article: RBLX DEADLINE NOTICE: ROSEN, SKILLED INVESTOR COUNSEL…
• Negative Sentiment: The class period in the lawsuit was expanded to cover a longer stretch of trading, which can broaden the pool of potential claimants and intensify investor concern. Article: RBLX INVESTOR ALERT: Roblox Corporation (RBLX) Investors with Substantial Losses…

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.