2,467 Shares in Roblox Corporation $RBLX Bought by Total Clarity Wealth Management Inc.

Key Points

• Total Clarity Wealth Management Inc. has purchased 2,467 shares of Roblox Corporation valued at approximately $260,000, indicating growing institutional interest in the company.
• Roblox's stock has received varied analyst ratings, with Needham & Company upgrading its price target from $79.00 to $159.00 while others have downgraded their rating, reflecting mixed sentiment in the market.
• Insider trading has been notable, with Matthew D. Kaufman selling 6,000 shares worth over $819,000, suggesting significant movements among company insiders.

Total Clarity Wealth Management Inc. purchased a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,467 shares of the company's stock, valued at approximately $260,000.

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Roblox during the second quarter worth $33,000. Fifth Third Bancorp lifted its holdings in shares of Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after purchasing an additional 298 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Roblox by 819.0% during the first 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 period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Roblox by 82.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock worth $72,000 after purchasing an additional 310 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Roblox by 21.4% during the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock worth $84,000 after purchasing an additional 141 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RBLX. Needham & Company LLC increased their price objective on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen cut Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Oppenheimer reiterated an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. BMO Capital Markets increased their price objective on Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Finally, Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a research report on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average price target of $126.84.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total value of $819,300.00. Following the completion of the transaction, the insider owned 278,642 shares in the company, valued at $38,048,565.10. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,876 shares of company stock worth $48,196,989. Corporate insiders own 12.92% of the company's stock.

Roblox Trading Up 1.3%

Shares of RBLX stock opened at $128.42 on Tuesday. Roblox Corporation has a fifty-two week low of $39.30 and a fifty-two week high of $150.59. The stock has a market cap of $82.84 billion, a P/E ratio of -89.80 and a beta of 1.63. The business has a fifty day simple moving average of $128.92 and a 200-day simple moving average of $102.19. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the business earned ($0.32) EPS. The company's quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, 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.

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