5,405 Shares in Roblox Corporation $RBLX Purchased by Sagespring Wealth Partners LLC

Key Points

• Sagespring Wealth Partners LLC purchased 5,405 shares of Roblox Corporation ($RBLX), valued at approximately $569,000, indicating rising institutional interest in the company.
• Roblox's stock has received positive analyst ratings, with several firms increasing their target prices, including Wells Fargo raising it to $155 and BTIG to $180.
• Insider trading activity saw significant sales, including a director selling over 111,000 shares for approximately $14.56 million, highlighting insider confidence shifts.

Sagespring Wealth Partners LLC purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,405 shares of the company's stock, valued at approximately $569,000.

A number of other large investors also recently bought and sold shares of RBLX. ORG Partners LLC acquired a new position in Roblox in the 2nd quarter worth about $33,000. Larson Financial Group LLC raised 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 valued at $34,000 after acquiring an additional 516 shares during the last quarter. Kiker Wealth Management LLC raised its holdings in shares of Roblox by 2,646.7% during the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock valued at $43,000 after acquiring an additional 397 shares during the last quarter. Fifth Third Bancorp raised 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 valued at $56,000 after acquiring an additional 298 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Roblox during the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on RBLX shares. Wells Fargo & Company increased their target price on Roblox from $153.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, October 3rd. BTIG Research increased their target price on Roblox from $173.00 to $180.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley set a $170.00 target price on Roblox and gave the company an "overweight" rating in a report on Monday. Arete Research set a $116.00 target price on Roblox in a report on Tuesday, September 9th. Finally, BMO Capital Markets increased their target price on Roblox from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, October 2nd. Twenty research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average price target of $128.58.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider owned 242,469 shares of the company's stock, valued at $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 366,876 shares of company stock valued at $47,485,929. 12.92% of the stock is currently owned by insiders.

Roblox Price Performance

NYSE:RBLX opened at $134.59 on Friday. Roblox Corporation has a one year low of $39.30 and a one year high of $150.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $86.81 billion, a PE ratio of -94.12 and a beta of 1.63. The stock has a 50 day moving average price of $129.22 and a 200 day moving average price of $103.18.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share 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 analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company's revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox Company 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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