Quantitative Investment Management LLC decreased its holdings in Roblox Corporation (NYSE:RBLX – Free Report) by 78.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,327 shares of the company’s stock after selling 76,947 shares during the quarter. Quantitative Investment Management LLC’s holdings in Roblox were worth $1,159,000 at the end of the most recent reporting period.
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Several other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Norges Bank purchased a new position in Roblox in the fourth quarter valued at approximately $435,424,000. SRS Investment Management LLC purchased a new stake in Roblox in the fourth quarter valued at $238,065,000. Amundi lifted its position in Roblox by 83.7% in the first quarter. Amundi now owns 5,774,151 shares of the company’s stock valued at $326,586,000 after acquiring an additional 2,631,074 shares during the last quarter. Capital International Investors boosted its stake in Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares in the last quarter. Finally, ValueAct Holdings L.P. boosted its stake in Roblox by 39.5% in the fourth quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company’s stock valued at $484,221,000 after acquiring an additional 1,692,600 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO David Baszucki sold 52,568 shares of Roblox stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $1,995,481.28. Following the completion of the sale, the chief executive officer directly owned 799,646 shares in the company, valued at approximately $30,354,562.16. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Reinstra sold 17,934 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $680,774.64. Following the completion of the transaction, the insider directly owned 398,064 shares of the company’s stock, valued at $15,110,509.44. The trade was a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 168,213 shares of company stock valued at $6,831,901 in the last 90 days. 10.05% of the stock is owned by corporate insiders.
Roblox Price Performance
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Roblox stock opened at $41.32 on Tuesday. The company has a market cap of $27.68 billion, a P/E ratio of -28.90 and a beta of 1.46. Roblox Corporation has a one year low of $33.88 and a one year high of $142.00. The business has a fifty day moving average of $45.92 and a two-hundred day moving average of $51.39. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82.
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