28,124 Roblox Corporation $RBLX Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Roblox stake by 11%, selling 28,124 shares and retaining 226,973 shares worth approximately $9.6 million. Institutional investors and hedge funds collectively own 94.46% of the company.
• Roblox’s third-quarter loss of $0.32 per share beat estimates, while revenue rose 15.6% year over year to $1.57 billion. However, daily active users fell 9%, engagement hours declined 15%, and weaker bookings guidance raised concerns about slowing momentum.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $53.46. Roblox shares opened at $43.01 after falling 18%, and the company remains unprofitable with a reported net loss of roughly $227 million.

Asset Management One Co. Ltd. lessened its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 11.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 226,973 shares of the company's stock after selling 28,124 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Roblox were worth $9,617,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Roblox by 7.5% during the 1st quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company's stock worth $403,054,000 after purchasing an additional 497,625 shares during the period. Assenagon Asset Management S.A. grew its holdings in Roblox by 216.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company's stock worth $253,885,000 after acquiring an additional 4,098,311 shares in the last quarter. Amundi grew its holdings in Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company's stock worth $326,586,000 after acquiring an additional 2,631,074 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Roblox by 10.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,451,881 shares of the company's stock worth $251,798,000 after acquiring an additional 416,206 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its position in shares of Roblox by 17.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,238,160 shares of the company's stock valued at $183,247,000 after purchasing an additional 469,379 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In related news, CFO Naveen Chopra sold 17,509 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $664,641.64. Following the transaction, the chief financial officer owned 363,249 shares of the company's stock, valued at $13,788,932.04. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $42.87, for a total value of $714,471.42. Following the completion of the sale, the director directly owned 1,252,836 shares of the company's stock, valued at approximately $53,709,079.32. This trade represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 186,390 shares of company stock valued at $7,283,371 over the last 90 days. Insiders own 10.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RBLX shares. Canaccord Genuity Group set a $58.00 price objective on shares of Roblox in a report on Friday, July 31st. Bank of America boosted their target price on Roblox from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, September 14th. Morgan Stanley lowered their price target on Roblox from $62.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Jefferies Financial Group lowered shares of Roblox from a "hold" rating to an "underperform" rating and set a $38.00 price target on the stock. in a research note on Monday, September 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Roblox from $40.00 to $53.00 and gave the stock a "neutral" rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $53.46.

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Roblox reported a third-quarter loss of $0.32 per share, better than the $0.43 consensus estimate. Revenue increased 15.6% year over year to approximately $1.57 billion, while bookings also reportedly exceeded expectations. Roblox quarterly earnings report
• Positive Sentiment: Gross profit rose substantially year over year and the company generated $395 million in operating cash flow, although cash flow was below the prior-year period. These figures provide some support for the company’s longer-term financial position. Roblox third-quarter financial data
• Neutral Sentiment: Wedbush lowered its Roblox price target from $55 to $52 and changed its rating to “neutral.” The new target remains above the stock’s reference price, but the reduction signals less confidence in the pace of recovery. Wedbush Roblox price-target update
• Negative Sentiment: Average daily active users fell 9% year over year to 138 million, while engagement hours declined 15% to 34 billion. This was Roblox’s first reported year-over-year decline in daily users and raised concerns about slowing user engagement. Roblox user and engagement metrics
• Negative Sentiment: Soft fourth-quarter bookings guidance overshadowed the earnings beat, suggesting weaker holiday-period spending. Investors are also concerned that the expected release and popularity of GTA VI could compete for players’ time and gaming budgets. Roblox outlook and GTA VI article
• Negative Sentiment: Roblox remains unprofitable, reporting a net loss of approximately $227 million, while revenue came in below analyst expectations. The combination of declining engagement, continued losses and cautious guidance is driving the current selloff. Roblox earnings selloff analysis

Roblox Trading Down 18.0%

Shares of Roblox stock opened at $43.01 on Friday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $28.82 billion, a P/E ratio of -31.17 and a beta of 1.47. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $119.85. The company's fifty day moving average is $46.34 and its two-hundred day moving average is $52.69.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.11. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.63 billion. Roblox had a negative net margin of 16.48% and a negative return on equity of 303.93%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. Analysts forecast that Roblox Corporation will post -1.41 earnings per share for the current year.

Roblox Company Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.

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