Teachers Retirement System of The State of Kentucky Sells 14,600 Shares of Roblox Corporation $RBLX

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Roblox Corporation (NYSE:RBLX) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,532 shares of the company’s stock after selling 14,600 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Roblox were worth $25,839,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. grew its position in shares of Roblox by 230.9% in the third quarter. Victory Capital Management Inc. now owns 558,085 shares of the company’s stock valued at $77,306,000 after purchasing an additional 389,446 shares during the last quarter. Accuvest Global Advisors bought a new stake in Roblox in the 3rd quarter valued at $283,000. Focus Partners Advisor Solutions LLC grew its holdings in Roblox by 54.4% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 63,959 shares of the company’s stock valued at $8,860,000 after buying an additional 22,542 shares in the last quarter. Family Wealth Partners LLC bought a new position in Roblox during the 3rd quarter worth $224,000. Finally, Kingsview Wealth Management LLC increased its position in Roblox by 32.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,579 shares of the company’s stock worth $496,000 after buying an additional 868 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 10,834 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the transaction, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. This represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 60,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the transaction, the insider owned 394,322 shares in the company, valued at approximately $25,212,948.68. The trade was a 13.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 703,144 shares of company stock valued at $51,681,640. 12.92% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on RBLX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. The Goldman Sachs Group reduced their target price on Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Oppenheimer lowered their price target on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. Finally, Wells Fargo & Company set a $97.00 target price on Roblox in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $119.44.

Roblox Stock Down 1.8%

Shares of RBLX opened at $67.44 on Tuesday. The stock’s 50-day moving average price is $73.34 and its two-hundred day moving average price is $100.93. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company has a market capitalization of $44.62 billion, a PE ratio of -43.51 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 2.65.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.33) EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

About Roblox

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.