Public Employees Retirement System of Ohio Sells 14,572 Shares of Roblox Co. (NYSE:RBLX)

Public Employees Retirement System of Ohio decreased its position in Roblox Co. (NYSE:RBLX) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,937 shares of the company’s stock after selling 14,572 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Roblox were worth $6,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Roblox by 65.0% during the 4th quarter. Raymond James & Associates now owns 126,485 shares of the company’s stock valued at $5,783,000 after buying an additional 49,827 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Roblox by 40.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 156,117 shares of the company’s stock worth $7,138,000 after purchasing an additional 45,237 shares during the period. Blue Trust Inc. increased its stake in Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares during the period. Global Retirement Partners LLC increased its stake in Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after purchasing an additional 320 shares during the period. Finally, Caprock Group LLC purchased a new stake in Roblox in the fourth quarter worth $267,000. Institutional investors own 91.08% of the company’s stock.

Roblox Stock Performance

RBLX stock traded up $0.63 during trading on Tuesday, hitting $41.20. 665,548 shares of the company traded hands, compared to its average volume of 7,313,865. The stock’s 50-day simple moving average is $36.88 and its 200 day simple moving average is $38.05. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $24.36 billion, a PE ratio of -22.09 and a beta of 1.59. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The company had revenue of $923.76 million during the quarter, compared to analysts’ expectations of $918.85 million. During the same period last year, the business earned ($0.44) earnings per share. Roblox’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts expect that Roblox Co. will post -1.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBLX. JPMorgan Chase & Co. raised Roblox from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Wolfe Research started coverage on Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. BTIG Research dropped their price objective on Roblox from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Canaccord Genuity Group dropped their price objective on Roblox from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Jefferies Financial Group started coverage on Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.91.

Insider Buying and Selling at Roblox

In other Roblox news, CFO Michael Guthrie sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total value of $31,500.00. Following the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $13,112,155. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Andrea L. Wong sold 5,276 shares of Roblox stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $31.13, for a total value of $164,241.88. Following the sale, the director now directly owns 26,319 shares of the company’s stock, valued at $819,310.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 900 shares of Roblox stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total value of $31,500.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at $13,112,155. The disclosure for this sale can be found here. Over the last three months, insiders have sold 476,889 shares of company stock valued at $17,575,955. Company insiders own 22.15% of the company’s stock.

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.