Sands Capital Management LLC Sells 110,055 Shares of Roblox Corporation $RBLX

Sands Capital Management LLC trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,476,488 shares of the company’s stock after selling 110,055 shares during the period. Roblox makes up 1.3% of Sands Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Sands Capital Management LLC owned about 0.53% of Roblox worth $481,563,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Monolith Management Ltd acquired a new stake in Roblox in the third quarter worth $1,247,000. Mackenzie Financial Corp grew its stake in shares of Roblox by 584.4% in the 3rd quarter. Mackenzie Financial Corp now owns 264,992 shares of the company’s stock valued at $36,707,000 after buying an additional 226,273 shares during the period. Franklin Resources Inc. grew its stake in shares of Roblox by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company’s stock valued at $964,611,000 after buying an additional 619,048 shares during the period. Magnetar Financial LLC increased its position in Roblox by 859.4% in the 3rd quarter. Magnetar Financial LLC now owns 20,943 shares of the company’s stock valued at $2,901,000 after buying an additional 18,760 shares in the last quarter. Finally, Silvant Capital Management LLC raised its stake in Roblox by 3.2% during the 3rd quarter. Silvant Capital Management LLC now owns 74,799 shares of the company’s stock worth $10,361,000 after buying an additional 2,354 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $58.76 on Wednesday. The company has a fifty day moving average price of $71.25 and a 200-day moving average price of $98.66. The firm has a market cap of $38.88 billion, a price-to-earnings ratio of -37.91 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the company earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 122.6% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RBLX. Wolfe Research set a $100.00 price objective on Roblox in a research note on Monday, January 5th. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Benchmark reiterated a “hold” rating on shares of Roblox in a report on Monday, February 2nd. UBS Group set a $74.00 price target on shares of Roblox in a research report on Friday, February 6th. Finally, TD Cowen restated a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.35.

Insider Buying and Selling

In related news, 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 transaction of $3,836,400.00. Following the completion of the sale, the insider directly owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Lee sold 59,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $79.96, for a total value of $4,717,640.00. Following the completion of the transaction, the director directly owned 257,258 shares in the company, valued at approximately $20,570,349.68. This represents a 18.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 703,144 shares of company stock valued at $51,681,640 over the last quarter. Corporate insiders own 12.92% of the company’s stock.

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.