Atreides Management LP Purchases 1,413,206 Shares of Roblox Corporation $RBLX

Key Points

• Atreides Management LP increased its stake in Roblox Corporation by 232.3% during the first quarter, acquiring an additional 1,413,206 shares, making Roblox its 9th largest holding.
• Roblox's stock has experienced significant fluctuations, with a 12-month low of $37.50 and a high of $150.59, currently trading around $124.68.
• Roblox reported earnings of ($0.41) per share, missing estimates, but held a revenue of $1.44 billion, up 50.5% year-over-year.

Atreides Management LP increased its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 232.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,021,572 shares of the company's stock after purchasing an additional 1,413,206 shares during the quarter. Roblox accounts for about 3.6% of Atreides Management LP's investment portfolio, making the stock its 9th largest holding. Atreides Management LP owned about 0.32% of Roblox worth $117,837,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd lifted its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares during the last quarter. Larson Financial Group LLC boosted its stake in Roblox by 819.0% in 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 period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC acquired a new stake in shares of Roblox during the 4th quarter worth approximately $41,000. Finally, Headlands Technologies LLC bought a new stake in shares of Roblox in the 1st quarter worth approximately $57,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

NYSE RBLX opened at $124.68 on Tuesday. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The firm has a market capitalization of $80.42 billion, a PE ratio of -87.19 and a beta of 1.62. The company's 50 day simple moving average is $117.98 and its 200 day simple moving average is $87.09. 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 released its 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 875 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the transaction, the insider owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,854,931 shares of company stock valued at $383,522,881. 12.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Piper Sandler boosted their price objective on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. BMO Capital Markets raised their target price on Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Finally, Morgan Stanley boosted their price target on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $119.00.

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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