4,493 Shares in Roblox Corporation $RBLX Acquired by Jackson Thornton Wealth Management LLC

Key Points

• Jackson Thornton Wealth Management LLC acquired 4,493 shares of Roblox Corporation, valued at approximately $471,000, during the second quarter.
• Roblox's analysts have varying ratings, with a consensus rating of "Moderate Buy" and an average target price of $129.22.
• Insider trading activity included significant sales, with insiders selling a total of 366,876 shares worth approximately $47.5 million in the last three months.

Jackson Thornton Wealth Management LLC purchased a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,493 shares of the company's stock, valued at approximately $471,000.

Other large investors have also bought and sold shares of the company. ORG Partners LLC bought a new stake in Roblox during the 2nd quarter worth approximately $33,000. Generali Asset Management SPA SGR bought a new stake in Roblox during the 2nd quarter worth approximately $40,000. Kiker Wealth Management LLC boosted its position in Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock valued at $43,000 after buying an additional 397 shares during the last quarter. Fifth Third Bancorp boosted its position 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 during the last quarter. Finally, Harbour Investments Inc. boosted its position in Roblox by 60.5% in the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company's stock valued at $58,000 after buying an additional 207 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Piper Sandler increased their price objective on Roblox to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Bank of America increased their price objective on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Wedbush reiterated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Roblox in a research report on Wednesday, October 8th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.22.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total value of $810,120.00. Following the sale, the insider directly owned 272,642 shares in the company, valued at $36,812,122.84. The trade was a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 366,876 shares of company stock worth $47,485,929 in the last three months. 12.92% of the stock is owned by insiders.

Roblox Stock Performance

RBLX stock opened at $134.87 on Tuesday. The business's fifty day moving average is $129.38 and its 200-day moving average is $104.86. 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 company has a market cap of $86.99 billion, a P/E ratio of -94.31 and a beta of 1.63. Roblox Corporation has a twelve month low of $39.46 and a twelve month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted 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). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current 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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