Swedbank AB Buys 13,545 Shares of Roblox Corporation $RBLX

Swedbank AB increased its stake in Roblox Corporation (NYSE:RBLX) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 310,632 shares of the company’s stock after purchasing an additional 13,545 shares during the period. Swedbank AB’s holdings in Roblox were worth $25,171,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of RBLX. NewEdge Advisors LLC increased its position in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after purchasing an additional 231 shares during the period. Sivia Capital Partners LLC grew its position in Roblox by 70.2% in the second 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 last quarter. CW Advisors LLC bought a new position in Roblox in the second quarter valued at about $272,000. Baird Financial Group Inc. grew its position in Roblox by 1.4% in the second 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. Finally, WINTON GROUP Ltd bought a new position in Roblox in the second quarter valued at about $438,000. Institutional investors own 94.46% of the company’s stock.

Insider Activity

In other news, CFO Naveen K. Chopra sold 16,863 shares of Roblox stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total transaction of $763,556.64. Following the sale, the chief financial officer directly owned 380,758 shares of the company’s stock, valued at approximately $17,240,722.24. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Amy Marie Rawlings sold 2,895 shares of Roblox stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.24, for a total value of $130,969.80. Following the sale, the chief accounting officer directly owned 35,238 shares in the company, valued at $1,594,167.12. The trade was a 7.59% decrease in their ownership of the stock. 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 ninety days, insiders sold 178,453 shares of company stock valued at $8,696,984. 10.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RBLX has been the topic of a number of recent analyst reports. Roth Mkm set a $65.00 target price on Roblox in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research report on Friday, March 27th. Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Needham & Company LLC initiated coverage on Roblox in a research report on Friday, May 1st. They issued a “buy” rating and a $60.00 target price on the stock. Finally, DA Davidson decreased their target price on Roblox from $47.50 to $45.00 and set a “neutral” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.07.

Roblox Stock Performance

Shares of RBLX stock opened at $48.23 on Tuesday. The business’s 50-day moving average price is $53.40 and its 200-day moving average price is $70.88. Roblox Corporation has a 12 month low of $40.15 and a 12 month high of $150.59. The firm has a market capitalization of $32.39 billion, a price-to-earnings ratio of -30.53 and a beta of 1.50. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45.

Roblox (NYSE:RBLX) last announced 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 period last year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 43.4% on a year-over-year basis. Equities research analysts forecast that Roblox Corporation will post -1.4 EPS for the current year.

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

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.