State of New Jersey Common Pension Fund D Sells 67,939 Shares of Roblox Co. (NYSE:RBLX)

State of New Jersey Common Pension Fund D decreased its position in Roblox Co. (NYSE:RBLX) by 27.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,164 shares of the company’s stock after selling 67,939 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Roblox were worth $6,629,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its stake in Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after purchasing an additional 1,419 shares in the last quarter. Kodai Capital Management LP bought a new position in Roblox during the 4th quarter valued at about $6,805,000. SteelPeak Wealth LLC lifted its stake in Roblox by 41.4% during the 1st quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after acquiring an additional 3,247 shares during the period. Sei Investments Co. lifted its stake in Roblox by 18.3% during the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after acquiring an additional 44,557 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Roblox by 319.6% during the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after acquiring an additional 21,533 shares during the period. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 592 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now directly owns 276,892 shares of the company’s stock, valued at approximately $11,994,961.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Arvind Chakravarthy sold 592 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the transaction, the insider now directly owns 276,892 shares of the company’s stock, valued at $11,994,961.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Manuel Bronstein sold 15,380 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.00, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now directly owns 712,105 shares of the company’s stock, valued at $32,044,725. The disclosure for this sale can be found here. Insiders sold a total of 608,675 shares of company stock valued at $25,410,923 in the last three months. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Up 1.0 %

Roblox stock opened at $45.87 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The firm has a 50 day moving average of $41.20 and a 200 day moving average of $38.14. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of -24.66 and a beta of 1.60.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. During the same period last year, the firm posted ($0.46) EPS. The company’s revenue was up 31.2% on a year-over-year basis. As a group, research analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on RBLX. Jefferies Financial Group began coverage on shares of Roblox in a research note on Thursday, July 11th. They set a “hold” rating and a $42.00 target price on the stock. Macquarie upped their target price on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. BTIG Research upped their target price on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Barclays upped their price target on shares of Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

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.