Bayesian Capital Management LP Sells 26,300 Shares of Roblox Co. (NYSE:RBLX)

Bayesian Capital Management LP cut its position in Roblox Co. (NYSE:RBLX) by 51.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,100 shares of the company’s stock after selling 26,300 shares during the period. Bayesian Capital Management LP’s holdings in Roblox were worth $958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of RBLX. Allspring Global Investments Holdings LLC bought a new stake in Roblox during the fourth quarter valued at about $25,000. Washington Trust Advisors Inc. purchased a new position in Roblox in the 1st quarter worth approximately $39,000. Blue Trust Inc. boosted its stake in Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Roblox during the 1st quarter valued at approximately $52,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Roblox by 306.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock valued at $56,000 after buying an additional 1,118 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 900 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total value of $31,500.00. Following the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $13,112,155. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $40.21, for a total value of $6,701,720.28. Following the completion of the sale, the chief executive officer now owns 142,260 shares of the company’s stock, valued at approximately $5,720,274.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 900 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total value of $31,500.00. Following the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at $13,112,155. The disclosure for this sale can be found here. Insiders sold 476,889 shares of company stock worth $17,575,955 in the last three months. 22.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on RBLX. Wolfe Research began coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Moffett Nathanson upgraded Roblox from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $26.00 in a research report on Friday, May 10th. Benchmark cut their price target on Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. Roth Mkm increased their target price on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $42.91.

Roblox Stock Up 0.5 %

Shares of RBLX stock traded up $0.20 on Wednesday, hitting $41.23. The stock had a trading volume of 234,949 shares, compared to its average volume of 7,299,067. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The company has a market cap of $24.38 billion, a PE ratio of -22.06 and a beta of 1.59. The business has a 50 day moving average price of $37.05 and a 200 day moving average price of $38.06.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. The company had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. Roblox’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted ($0.44) earnings per share. Research analysts anticipate that Roblox Co. will post -1.66 earnings per share for the current fiscal year.

Roblox 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.