Temasek Holdings Private Ltd Sells 2,917,711 Shares of Roblox Corporation $RBLX

Temasek Holdings Private Ltd trimmed its position in shares of Roblox Corporation (NYSE:RBLX) by 27.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,777,760 shares of the company’s stock after selling 2,917,711 shares during the quarter. Roblox accounts for approximately 3.7% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 5th biggest position. Temasek Holdings Private Ltd’s holdings in Roblox were worth $1,077,375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pinnbrook Capital Management LP purchased a new stake in Roblox during the third quarter worth about $1,995,000. Brown Brothers Harriman & Co. boosted its stake in shares of Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after purchasing an additional 110 shares during the period. Banque Transatlantique SA boosted its stake in shares of Roblox by 65.9% in the third quarter. Banque Transatlantique SA now owns 6,705 shares of the company’s stock valued at $927,000 after purchasing an additional 2,663 shares during the period. Capital Wealth Planning LLC grew its holdings in shares of Roblox by 113.8% in the third quarter. Capital Wealth Planning LLC now owns 24,090 shares of the company’s stock valued at $3,337,000 after purchasing an additional 12,824 shares in the last quarter. Finally, Jump Financial LLC increased its stake in Roblox by 5,875.6% during the 3rd quarter. Jump Financial LLC now owns 176,400 shares of the company’s stock worth $24,435,000 after buying an additional 173,448 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a report on Monday, December 29th. DA Davidson assumed coverage on Roblox in a research report on Wednesday, March 4th. They set a “neutral” rating and a $65.00 price objective on the stock. TD Cowen reiterated a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. Canaccord Genuity Group lowered their target price on Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $117.35.

Insider Buying and Selling

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the sale, the insider directly owned 307,263 shares in the company, valued at $22,322,656.95. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at $49,337,218.57. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 703,144 shares of company stock valued at $51,681,640 over the last 90 days. 12.92% of the stock is currently owned by corporate insiders.

Roblox Trading Up 0.2%

Shares of NYSE:RBLX opened at $56.42 on Friday. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The company’s 50 day moving average is $69.85 and its two-hundred day moving average is $97.63. The company has a market cap of $37.33 billion, a PE ratio of -36.40 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company’s revenue for the quarter was up 122.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS. Equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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.