2,942 Shares in Roblox Corporation $RBLX Purchased by Alta Advisers Ltd

Key Points

• Alta Advisers Ltd acquired a new position in Roblox Corporation, purchasing 2,942 shares valued at approximately $309,000 during the second quarter.
• Major institutional investors, including Fifth Third Bancorp and Larson Financial Group LLC, have significantly increased their stakes, with 94.46% of the stock now owned by these entities.
• Roblox plans to post earnings guidance for FY 2025, amid reports of a 50.5% year-over-year revenue increase to $1.44 billion, despite missing EPS expectations for the latest quarter.

Alta Advisers Ltd purchased a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,942 shares of the company's stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in Roblox in the second quarter worth about $33,000. Larson Financial Group LLC raised its position in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares during the period. Fifth Third Bancorp raised its position in Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after acquiring an additional 298 shares during the period. Headlands Technologies LLC bought a new stake in Roblox in the first quarter worth about $57,000. Finally, TD Private Client Wealth LLC bought a new stake in Roblox in the first quarter worth about $58,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Roblox from $153.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, October 3rd. Arete Research set a $116.00 price objective on shares of Roblox in a research report on Tuesday, September 9th. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective on the stock in a research report on Tuesday, September 9th. BTIG Research lifted their price objective on shares of Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Finally, Cowen reissued a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Twenty investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $126.84.

Insider Activity

In related news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the transaction, the insider owned 278,642 shares of the company's stock, valued at approximately $38,048,565.10. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 372,876 shares of company stock worth $48,196,989 in the last three months. Insiders own 12.92% of the company's stock.

Roblox Stock Performance

NYSE RBLX opened at $126.77 on Friday. The company's 50 day moving average is $128.96 and its 200-day moving average is $101.41. Roblox Corporation has a 12-month low of $39.30 and a 12-month high of $150.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a market cap of $81.77 billion, a P/E ratio of -88.65 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the firm earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox 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.

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