Baader Bank Aktiengesellschaft Sells 13,500 Shares of Roblox Corporation $RBLX

Baader Bank Aktiengesellschaft decreased its stake in shares of Roblox Corporation (NYSE:RBLXFree Report) by 52.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the company’s stock after selling 13,500 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Roblox were worth $1,662,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Roblox during the third quarter valued at $26,000. Total Investment Management Inc. bought a new position in Roblox during the 2nd quarter worth approximately $29,000. Whipplewood Advisors LLC bought a new position in shares of Roblox during the second quarter worth $34,000. Whittier Trust Co. of Nevada Inc. bought a new position in Roblox during the third quarter worth about $37,000. Finally, Root Financial Partners LLC bought a new stake in Roblox during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Down 2.2%

NYSE RBLX opened at $71.86 on Wednesday. The business’s 50-day moving average price is $80.34 and its two-hundred day moving average price is $107.08. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The firm has a market capitalization of $47.06 billion, a PE ratio of -46.36 and a beta of 1.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLXGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion for 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 311.88%. The business’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. On average, analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

RBLX has been the subject of a number of research analyst reports. Jefferies Financial Group set a $85.00 target price on shares of Roblox in a research note on Thursday, January 15th. UBS Group set a $74.00 target price on shares of Roblox in a report on Friday. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Roth Mkm upgraded shares of Roblox from a “neutral” rating to a “buy” rating and raised their target price for the stock from $78.00 to $84.00 in a research note on Monday. Finally, Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Roblox in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $119.44.

View Our Latest Stock Report on RBLX

Insider Activity

In related news, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $76.48, for a total transaction of $5,116,206.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 16,782 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $1,598,317.68. Following the completion of the sale, the insider owned 370,532 shares of the company’s stock, valued at approximately $35,289,467.68. This trade represents a 4.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 357,003 shares of company stock worth $30,891,212. Company insiders own 12.92% of the company’s stock.

Key Headlines Impacting Roblox

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About Roblox

(Free Report)

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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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