Alta Advisers Ltd Takes Position in Roblox Corporation $RBLX

Alta Advisers Ltd acquired a new stake in Roblox Corporation (NYSE:RBLX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,942 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors also recently made changes to their positions in RBLX. Park Avenue Securities LLC purchased a new stake in shares of Roblox in the 1st quarter valued at $293,000. GAMMA Investing LLC raised its holdings in Roblox by 89.5% in the 1st quarter. GAMMA Investing LLC now owns 2,274 shares of the company’s stock worth $133,000 after purchasing an additional 1,074 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Roblox by 17.7% in the 1st quarter. Simon Quick Advisors LLC now owns 5,783 shares of the company’s stock worth $337,000 after purchasing an additional 868 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in Roblox in the 1st quarter worth $710,000. Finally, Azzad Asset Management Inc. ADV bought a new position in Roblox in the 1st quarter worth $280,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider directly owned 272,642 shares in the company, valued at $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,876 shares of company stock worth $48,196,989 in the last ninety days. 12.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Roblox from $76.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Raymond James Financial downgraded shares of Roblox from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Wall Street Zen downgraded shares of Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, Benchmark upped their target price on shares of Roblox from $77.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.84.

Roblox Stock Performance

Shares of RBLX stock opened at $126.77 on Friday. Roblox Corporation has a one year low of $39.30 and a one year high of $150.59. The company’s 50-day moving average is $128.96 and its 200 day moving average is $101.41. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of -88.65 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted ($0.32) earnings per share. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Roblox Corporation will post -1.49 EPS 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.