Mizuho Markets Cayman LP Acquires Shares of 25,056 Roblox Corporation $RBLX

Mizuho Markets Cayman LP bought a new position in shares of Roblox Corporation (NYSE:RBLX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,056 shares of the company’s stock, valued at approximately $3,471,000.

Several other institutional investors have also recently made changes to their positions in RBLX. WPG Advisers LLC boosted its position in shares of Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after purchasing an additional 84 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares in the last quarter. Lido Advisors LLC lifted its position in Roblox by 1.3% during the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after buying an additional 106 shares during the period. Brown Brothers Harriman & Co. lifted its position in Roblox by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after buying an additional 110 shares during the period. Finally, QTR Family Wealth LLC boosted its holdings in shares of Roblox by 2.6% during the 3rd quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock valued at $616,000 after buying an additional 111 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 7,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the sale, the director directly owned 256,768 shares in the company, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 703,144 shares of company stock valued at $51,681,640 over the last ninety days. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RBLX. UBS Group set a $74.00 target price on shares of Roblox in a research report on Friday, February 6th. DA Davidson began coverage on shares of Roblox in a research report on Wednesday, March 4th. They set a “neutral” rating and a $65.00 price target for the company. TD Cowen reissued a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. Oppenheimer cut their price objective on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Roblox in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.35.

Roblox Price Performance

RBLX opened at $59.12 on Tuesday. The firm has a market cap of $39.12 billion, a PE ratio of -38.14 and a beta of 1.62. The stock has a 50-day moving average price of $69.41 and a 200-day moving average price of $96.78. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. 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 (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion during 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%. Roblox’s revenue was up 122.6% compared to the same quarter last year. During the same period last year, the business earned ($0.33) EPS. Sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Profile

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.