Roblox Co. (NYSE:RBLX) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its holdings in Roblox Co. (NYSE:RBLX) by 33.8% in the second quarter, Holdings Channel reports. The fund owned 19,658 shares of the company’s stock after selling 10,023 shares during the period. Qsemble Capital Management LP’s holdings in Roblox were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its position in shares of Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,419 shares during the last quarter. Kodai Capital Management LP purchased a new position in Roblox during the fourth quarter worth about $6,805,000. SteelPeak Wealth LLC boosted its holdings in Roblox by 41.4% in the 1st quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after purchasing an additional 3,247 shares during the last quarter. Sei Investments Co. grew its stake in shares of Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after buying an additional 44,557 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Roblox by 319.6% during the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock worth $1,075,000 after buying an additional 21,533 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX opened at $45.87 on Friday. The company has a market capitalization of $27.45 billion, a PE ratio of -24.66 and a beta of 1.60. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The company has a 50-day simple moving average of $41.20 and a 200-day simple moving average of $38.18. 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 (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period last year, the company posted ($0.46) earnings per share. Equities research analysts predict that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on RBLX. Jefferies Financial Group began coverage on Roblox in a research report on Thursday, July 11th. They issued a “hold” rating and a $42.00 price objective for the company. The Goldman Sachs Group raised their price objective on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their target price on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wolfe Research started coverage on shares of Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at $4,019,545.95. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the sale, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at $4,019,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total transaction of $476,710.00. Following the transaction, the director now directly owns 9,721,603 shares of the company’s stock, valued at $356,491,182.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 608,675 shares of company stock valued at $25,410,923. 22.15% of the stock is owned by insiders.

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.