12,495 Shares in Roblox Corporation $RBLX Acquired by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC has acquired 12,495 shares of Roblox Corporation (NYSE:RBLX), valued at approximately $728,000, in a move indicative of growing institutional interest.
• Wall Street analysts' forecasts show a generally positive outlook for Roblox, with 20 analysts rating the stock as a Buy and an average target price of $123.16.
• Roblox recently reported a revenue of $1.44 billion in its last quarterly earnings, surpassing expectations despite a loss of ($0.41) earnings per share.

Belpointe Asset Management LLC purchased a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,495 shares of the company's stock, valued at approximately $728,000.

Other large investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd raised its stake in shares of Roblox by 74.8% during the fourth 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 lifted 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 last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the first quarter valued at about $39,000. Headlands Technologies LLC bought a new position in shares of Roblox in the first quarter valued at about $57,000. Finally, TD Private Client Wealth LLC bought a new position in Roblox during the first quarter worth about $58,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David Baszucki sold 454,963 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the sale, the chief executive officer owned 211,559 shares in the company, valued at approximately $21,284,950.99. The trade was a 68.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Insiders sold 1,457,612 shares of company stock worth $156,869,417 in the last quarter. 12.92% of the stock is owned by insiders.

Roblox Stock Performance

Shares of Roblox stock traded up $4.03 during trading hours on Monday, reaching $137.34. 7,533,045 shares of the stock traded hands, compared to its average volume of 8,190,025. The company has a 50 day moving average price of $123.49 and a 200 day moving average price of $91.93. The firm has a market capitalization of $88.59 billion, a price-to-earnings ratio of -96.04 and a beta of 1.62. 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 one year low of $37.50 and a one year 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 the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion during 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 company's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Cowen reiterated a "sell" rating on shares of Roblox in a research note on Monday, August 18th. BTIG Research boosted their price target on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Canaccord Genuity Group increased their price objective on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and increased their price target for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $123.16.

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.