Maryland State Retirement & Pension System Purchases 2,838 Shares of Roblox Corporation $RBLX

Maryland State Retirement & Pension System increased its position in shares of Roblox Corporation (NYSE:RBLX) by 11.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,387 shares of the company’s stock after acquiring an additional 2,838 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Roblox were worth $2,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RBLX. Park Avenue Securities LLC bought a new position in Roblox during the 1st quarter worth approximately $293,000. GAMMA Investing LLC lifted its stake in Roblox by 89.5% in 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. Handelsbanken Fonder AB lifted its stake in Roblox by 5.0% in the first quarter. Handelsbanken Fonder AB now owns 130,081 shares of the company’s stock valued at $7,582,000 after buying an additional 6,225 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Roblox by 1,294.9% in the first quarter. Assenagon Asset Management S.A. now owns 641,913 shares of the company’s stock valued at $37,417,000 after buying an additional 595,895 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Roblox by 17.7% in the first quarter. Simon Quick Advisors LLC now owns 5,783 shares of the company’s stock valued at $337,000 after buying an additional 868 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RBLX shares. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Roblox in a research note on Thursday, September 4th. Cowen reaffirmed a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Arete Research set a $116.00 price target on shares of Roblox in a research note on Tuesday, September 9th. Wells Fargo & Company lifted their price target on shares of Roblox from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Finally, BTIG Research lifted their price target on shares of Roblox from $159.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $126.84.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at approximately $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. Insiders have sold a total of 372,876 shares of company stock valued at $48,196,989 in the last ninety days. Corporate insiders own 12.92% of the company’s stock.

Roblox Price Performance

Shares of RBLX opened at $126.77 on Friday. The company has a market cap of $81.77 billion, a price-to-earnings ratio of -88.65 and a beta of 1.63. Roblox Corporation has a 1-year low of $39.30 and a 1-year high of $150.59. The company’s fifty day simple moving average is $128.96 and its 200 day simple moving average is $101.12. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The firm 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%.Roblox’s quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. 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 earnings per share for the current fiscal year.

About Roblox

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.