Roblox Co. (NYSE:RBLX) Stock Position Increased by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in Roblox Co. (NYSE:RBLX) by 0.8% during the first quarter, HoldingsChannel.com reports. The fund owned 669,967 shares of the company’s stock after buying an additional 5,621 shares during the period. California State Teachers Retirement System’s holdings in Roblox were worth $25,579,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Roblox by 195.1% during the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after buying an additional 5,162,833 shares in the last quarter. Vanguard Group Inc. boosted its position in Roblox by 10.4% during the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after purchasing an additional 4,818,022 shares during the last quarter. Norges Bank acquired a new stake in Roblox during the fourth quarter valued at $216,194,000. Ieq Capital LLC boosted its position in Roblox by 27.6% during the first quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after purchasing an additional 2,684,713 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Roblox by 836.1% during the fourth quarter. First Trust Advisors LP now owns 2,739,514 shares of the company’s stock valued at $125,251,000 after purchasing an additional 2,446,867 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 3,910 shares of Roblox stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $127,309.60. Following the transaction, the chief accounting officer now directly owns 98,457 shares of the company’s stock, valued at $3,205,759.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Amy Marie Rawlings sold 3,910 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now directly owns 98,457 shares of the company’s stock, valued at $3,205,759.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total transaction of $525,850.00. Following the transaction, the director now directly owns 9,708,603 shares of the company’s stock, valued at $392,712,991.35. The disclosure for this sale can be found here. Insiders have sold 476,889 shares of company stock valued at $17,575,955 over the last three months. 22.15% of the stock is owned by insiders.

Roblox Stock Performance

RBLX stock traded down $1.66 during mid-day trading on Thursday, hitting $39.86. 4,178,542 shares of the company were exchanged, compared to its average volume of 7,329,048. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The business has a 50 day simple moving average of $37.22 and a 200-day simple moving average of $38.08.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $923.76 million during the quarter, compared to the consensus estimate of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.44) earnings per share. 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 recently issued reports on RBLX. Morgan Stanley reduced their price objective on Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Canaccord Genuity Group reduced their price target on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 10th. BTIG Research reduced their price target on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Roth Mkm boosted their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.91.

Roblox 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.