Roblox Corporation $RBLX Shares Sold by City State Bank

City State Bank lowered its stake in Roblox Corporation (NYSE:RBLX) by 41.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,428 shares of the company’s stock after selling 1,000 shares during the quarter. City State Bank’s holdings in Roblox were worth $150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Roblox during the 2nd quarter worth $33,000. Larson Financial Group LLC boosted its stake in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Roblox during the 2nd quarter worth $40,000. Kiker Wealth Management LLC boosted its stake in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after purchasing an additional 397 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after purchasing an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RBLX shares. BMO Capital Markets lifted their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roblox in a research note on Saturday. Wolfe Research raised shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Friday, August 22nd. Arete upgraded Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target on the stock in a report on Tuesday, September 9th. Finally, Arete Research set a $116.00 price target on Roblox in a report on Tuesday, September 9th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.22.

Roblox Stock Down 1.1%

NYSE RBLX opened at $127.85 on Friday. The business’s fifty day simple moving average is $129.77 and its 200-day simple moving average is $106.66. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a market cap of $82.47 billion, a PE ratio of -89.41 and a beta of 1.63. Roblox Corporation has a 52 week low of $41.50 and a 52 week high of $150.59.

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

Insider Activity

In related news, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the sale, the chief executive officer directly owned 211,559 shares of the company’s stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is currently owned by corporate insiders.

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.