4,281 Shares in Roblox Corporation $RBLX Acquired by Ascent Group LLC

Key Points

• Ascent Group LLC acquired 4,281 shares of Roblox Corporation for about $450,000 during the second quarter, highlighting ongoing institutional interest in the company.
• Bank of America and Benchmark both raised their price targets for Roblox to $171.00 and $150.00 respectively, with a consensus rating of "Moderate Buy" from analysts.
• Roblox reported a 50.5% year-over-year revenue increase to $1.44 billion, despite missing earnings estimates for the quarter.

Ascent Group LLC acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,281 shares of the company's stock, valued at approximately $450,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in Roblox in the 2nd quarter valued at $33,000. Larson Financial Group LLC grew its holdings in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares in the last quarter. Fifth Third Bancorp grew its holdings in Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after buying an additional 298 shares in the last quarter. Headlands Technologies LLC acquired a new position in Roblox in the 1st quarter valued at $57,000. Finally, TD Private Client Wealth LLC acquired a new position in Roblox in the 1st quarter valued at $58,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on RBLX shares. Bank of America upped their price objective on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a report on Monday, September 8th. Wall Street Zen downgraded Roblox from a "hold" rating to a "sell" rating in a research report on Saturday. Benchmark upped their target price on Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 target price for the company in a research report on Tuesday, September 9th. Finally, Citigroup upped their target price on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.72.

Roblox Price Performance

Shares of RBLX opened at $124.86 on Wednesday. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The business has a 50-day simple moving average of $129.14 and a two-hundred day simple moving average of $100.05. 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 stock has a market cap of $80.54 billion, a PE ratio of -87.31 and a beta of 1.63.

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

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $38,048,565.10. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $14,556,783.12. The disclosure for this sale can be found here. Insiders sold 372,876 shares of company stock worth $48,196,989 in the last 90 days. 12.92% of the stock is currently owned by company insiders.

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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