Blue Whale Capital LLP Trims Stock Holdings in Roblox Co. (NYSE:RBLX)

Blue Whale Capital LLP lowered its position in shares of Roblox Co. (NYSE:RBLX) by 50.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 557,280 shares of the company’s stock after selling 577,720 shares during the quarter. Roblox comprises 1.9% of Blue Whale Capital LLP’s portfolio, making the stock its 16th largest position. Blue Whale Capital LLP owned approximately 0.09% of Roblox worth $24,665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Roblox during the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its position in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. PARK CIRCLE Co acquired a new stake in shares of Roblox during the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Roblox during the 2nd quarter worth approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC raised its position in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Price Performance

RBLX opened at $49.38 on Monday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $46.00 and a 200-day simple moving average of $40.96. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.45) earnings per share. On average, equities analysts predict that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Activity

In related news, CEO David Baszucki sold 6,460 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $332,237.80. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at approximately $6,649,641.85. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 3,443 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total value of $154,969.43. Following the sale, the chief financial officer now owns 352,844 shares of the company’s stock, valued at approximately $15,881,508.44. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,011,095 shares of company stock worth $48,171,645 over the last quarter. Corporate insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RBLX shares. Benchmark increased their price target on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Barclays raised their target price on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.30.

Roblox Company 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.