Apollon Wealth Management LLC Makes New $469,000 Investment in Roblox Corporation $RBLX

Key Points

• Apollon Wealth Management LLC made a new investment in Roblox Corporation, acquiring 4,459 shares valued at approximately $469,000 during the second quarter.
• Insider Matthew D. Kaufman sold 6,000 shares of Roblox stock for over $810,000, reducing his ownership by 2.15%, while insiders collectively sold 366,876 shares worth nearly $47.5 million in the last three months.
• Analysts have set a consensus price target of $128.58 for Roblox, with the stock receiving a "Moderate Buy" rating and several firms increasing their price targets recently, including Bank of America raising it from $159.00 to $171.00.

Apollon Wealth Management LLC acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,459 shares of the company's stock, valued at approximately $469,000.

A number of other institutional investors have also made changes to their positions in the business. ORG Partners LLC bought a new position in Roblox in the second quarter valued at $33,000. Larson Financial Group LLC grew its holdings in shares of 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 acquiring an additional 516 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Roblox by 124.7% in 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. Headlands Technologies LLC acquired a new stake in shares of Roblox in the first quarter valued at about $57,000. Finally, TD Private Client Wealth LLC bought a new stake in Roblox during the first quarter worth about $58,000. Institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total value of $810,120.00. Following the completion of the sale, the insider owned 272,642 shares of the company's stock, valued at approximately $36,812,122.84. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the transaction, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 366,876 shares of company stock worth $47,485,929 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Roblox from $153.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, October 3rd. Wedbush reissued an "outperform" rating and issued a $165.00 target price on shares of Roblox in a research note on Thursday, September 4th. Benchmark boosted their target price on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Bank of America upped their price target on shares of Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Finally, Needham & Company LLC lifted their price objective on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.58.

Roblox Price Performance

NYSE:RBLX opened at $134.59 on Friday. The company has a market cap of $86.81 billion, a P/E ratio of -94.12 and a beta of 1.63. The firm's fifty day moving average price is $129.22 and its two-hundred day moving average price is $103.18. 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 current ratio of 0.97 and a quick ratio of 0.97.

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