Assenagon Asset Management S.A. Sells 443,617 Shares of Roblox Corporation $RBLX

Key Points

• Assenagon Asset Management S.A. sold 443,617 shares of Roblox Corporation, reducing its holdings by 69.1%, leaving it with 198,296 shares valued at approximately $20.86 million.
• Wall Street analysts have mixed views on Roblox, with price targets ranging from $62.00 to $165.00, and a consensus rating of "Moderate Buy."
• Insider selling has been significant, with insider Arvind Chakravarthy selling over 20,000 shares, and insiders collectively selling nearly 600,000 shares valued at approximately $69.5 million in the past 90 days.

Assenagon Asset Management S.A. lowered its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 69.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,296 shares of the company's stock after selling 443,617 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Roblox were worth $20,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted 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 purchasing an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the 1st quarter valued at about $39,000. Headlands Technologies LLC purchased a new position in Roblox during the first quarter worth approximately $57,000. TD Private Client Wealth LLC purchased a new position in Roblox during the first quarter worth approximately $58,000. Finally, Garde Capital Inc. purchased a new position in shares of Roblox in the first quarter valued at approximately $66,000. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wall Street Zen cut Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays boosted their target price on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Arete Research set a $116.00 price objective on Roblox in a research note on Tuesday, September 9th. Finally, Wedbush reiterated an "outperform" rating and set a $165.00 target price on shares of Roblox in a research report on Thursday, September 4th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.56.

Insider Buying and Selling at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm'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 sale, the insider directly owned 278,642 shares in the company, valued at $38,048,565.10. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 597,798 shares of company stock valued at $69,517,978. Insiders own 12.92% of the company's stock.

Roblox Price Performance

RBLX stock opened at $136.88 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The firm has a market cap of $88.29 billion, a P/E ratio of -95.72 and a beta of 1.62. The company's 50-day moving average price is $126.39 and its two-hundred day moving average price is $94.55.

Roblox (NYSE:RBLX - Get Free Report) last announced 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted ($0.32) earnings per share. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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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