Florida Financial Advisors LLC Acquires New Shares in Roblox Corporation $RBLX

Florida Financial Advisors LLC acquired a new position in Roblox Corporation (NYSE:RBLX) in the third quarter, HoldingsChannel reports. The fund acquired 9,376 shares of the company’s stock, valued at approximately $1,299,000.

A number of other institutional investors have also added to or reduced their stakes in RBLX. Norges Bank bought a new stake in shares of Roblox in the 2nd quarter valued at about $350,720,000. Federated Hermes Inc. increased its holdings in Roblox by 103.0% during the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock valued at $341,410,000 after buying an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Roblox by 47.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after buying an additional 1,531,380 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after buying an additional 1,513,608 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in Roblox by 359.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock valued at $191,295,000 after acquiring an additional 1,422,894 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the sale, the insider directly owned 307,263 shares in the company, valued at $22,322,656.95. The trade was a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 789,521 shares of company stock valued at $61,989,659 in the last 90 days. 12.92% of the stock is currently owned by corporate insiders.

Roblox Trading Down 0.1%

Shares of Roblox stock opened at $63.09 on Friday. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $41.74 billion, a PE ratio of -40.70 and a beta of 1.63. The firm has a fifty day moving average price of $78.57 and a 200 day moving average price of $106.11.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.04. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. Equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $100.00 price target (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. Wells Fargo & Company set a $97.00 target price on Roblox in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Barclays cut their price objective on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.44.

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Roth Capital upgraded RBLX to a “Buy”, which can boost short-term sentiment and provide analyst support for a rebound. Roth Capital upgrades Roblox (RBLX) to buy
• Neutral Sentiment: Market write-ups and explainers contextualize the selloff (valuation, mixed earnings vs. estimates) but don’t add a new catalyst. Useful background for positioning. Why Roblox Corporation’s (RBLX) Stock Is Down 5.99%
• Negative Sentiment: Regulatory child-safety probes (Australia and testing of compliance) raise near-term legal, reputational and user-growth risks — this can pressure valuation and advertiser/partner confidence. Regulatory Child Safety Probes Put Roblox Valuation And Growth Under Question
• Negative Sentiment: Clustered insider selling: multiple executives (including CEO David Baszucki and other senior insiders) sold large blocks in early Feb., representing multi‑million-dollar disposals — investors often view concentrated insider sales as a negative signal. Roblox Insiders Sell US$45m Of Stock, Possibly Signalling Caution

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.