Polianta Ltd Buys 15,200 Shares of Roblox Corporation $RBLX

Polianta Ltd grew its stake in Roblox Corporation (NYSE:RBLX) by 56.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,100 shares of the company’s stock after buying an additional 15,200 shares during the period. Roblox makes up about 0.3% of Polianta Ltd’s holdings, making the stock its 17th biggest holding. Polianta Ltd’s holdings in Roblox were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after acquiring an additional 231 shares during the last quarter. Sivia Capital Partners LLC increased its stake 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 $272,000. Baird Financial Group Inc. raised its position in Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Roblox during the second quarter valued at about $438,000. Institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RBLX. Moffett Nathanson reiterated a “neutral” rating and issued a $40.00 price objective on shares of Roblox in a report on Monday, August 3rd. Wells Fargo & Company set a $46.00 price objective on Roblox in a research report on Monday, August 3rd. Raymond James Financial began coverage on Roblox in a report on Monday, June 29th. They set a “market perform” rating on the stock. BMO Capital Markets downgraded Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research report on Friday, July 31st. Finally, Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.89.

Roblox Stock Up 5.0%

NYSE RBLX opened at $37.84 on Friday. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00. The stock has a market capitalization of $25.35 billion, a PE ratio of -26.46 and a beta of 1.46. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50-day moving average is $48.28 and its 200 day moving average is $55.31.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company posted ($0.41) EPS. Roblox’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its Board of Directors has authorized a share repurchase plan 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 plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, insider Mark Reinstra sold 17,275 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $782,212.00. Following the completion of the sale, the insider owned 438,198 shares of the company’s stock, valued at $19,841,605.44. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Roblox 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 completion of the sale, the insider owned 349,964 shares in the company, valued at approximately $15,842,870.28. This trade represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 161,983 shares of company stock valued at $7,455,828. 10.05% of the stock is owned by insiders.

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.