DNB Asset Management AS Increases Holdings in Roblox Corporation $RBLX

DNB Asset Management AS lifted its stake in Roblox Corporation (NYSE:RBLX) by 17.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 97,321 shares of the company’s stock after purchasing an additional 14,475 shares during the quarter. DNB Asset Management AS’s holdings in Roblox were worth $10,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RBLX. ORG Partners LLC acquired a new stake in Roblox during the second quarter worth about $33,000. Whipplewood Advisors LLC purchased a new position in Roblox in the 2nd quarter valued at approximately $34,000. Generali Asset Management SPA SGR acquired a new stake in Roblox in the 2nd quarter valued at about $40,000. Kiker Wealth Management LLC increased its holdings in Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after buying an additional 397 shares during the last quarter. Finally, SouthState Corp lifted its position in Roblox by 232.1% in the second quarter. SouthState Corp now owns 435 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $112.99, for a total transaction of $677,940.00. Following the completion of the transaction, the insider owned 266,642 shares in the company, valued at $30,127,879.58. The trade was a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the sale, the director directly owned 275,248 shares of the company’s stock, valued at approximately $33,783,939.52. This trade represents a 19.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 297,297 shares of company stock valued at $34,932,463. Company insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on RBLX. Cowen reissued a “sell” rating on shares of Roblox in a report on Monday, August 18th. Jefferies Financial Group lifted their target price on Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, October 14th. Wolfe Research upgraded Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday, September 9th. Finally, The Goldman Sachs Group raised Roblox from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $180.00 in a research report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average target price of $136.41.

Roblox Price Performance

Roblox stock opened at $89.23 on Friday. Roblox Corporation has a one year low of $47.95 and a one year high of $150.59. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $58.43 billion, a P/E ratio of -62.40 and a beta of 1.61. The stock’s 50 day moving average is $122.26 and its 200 day moving average is $113.11.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

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.