International Assets Investment Management LLC acquired a new stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,943 shares of the company’s stock, valued at approximately $204,000.
A number of other hedge funds also recently bought and sold shares of RBLX. GAMMA Investing LLC lifted its stake in Roblox by 89.5% during the first quarter. GAMMA Investing LLC now owns 2,274 shares of the company’s stock valued at $133,000 after buying an additional 1,074 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Roblox by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 26,234 shares of the company’s stock valued at $1,529,000 after buying an additional 727 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Roblox by 5.9% during the first quarter. Asset Management One Co. Ltd. now owns 182,816 shares of the company’s stock valued at $10,656,000 after buying an additional 10,172 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Roblox by 19.0% during the first quarter. Sequoia Financial Advisors LLC now owns 5,148 shares of the company’s stock valued at $300,000 after buying an additional 823 shares in the last quarter. Finally, Western Financial Corp CA purchased a new stake in Roblox during the first quarter valued at about $1,114,000. 94.46% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Roblox
In other Roblox news, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,876 shares of company stock worth $47,485,929. Corporate insiders own 12.92% of the company’s stock.
Roblox Trading Up 1.1%
Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company posted ($0.32) EPS. The company’s quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on RBLX. Morgan Stanley set a $170.00 price target on shares of Roblox and gave the stock an “overweight” rating in a research report on Monday, October 13th. Barclays increased their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Canaccord Genuity Group increased their price target on shares of Roblox from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target for the company in a research report on Tuesday, September 9th. Finally, Wedbush reissued an “outperform” rating and issued a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $129.22.
Check Out Our Latest Stock Analysis on Roblox
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.
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