Canada Pension Plan Investment Board Sells 120,073 Shares of Roblox Corporation $RBLX

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in Roblox Corporation by 13.1%, selling 120,073 shares and owning 799,833 shares worth approximately $46.6 million at the end of the reporting period.
• Roblox reported a negative earnings per share (EPS) of ($0.41) for the last quarter, missing the consensus estimate by $0.04, despite a revenue increase of 50.5% compared to the previous year.
• Roblox's stock has a current price of approximately $124.68, with a 52-week high of $150.59 and a low of $37.50, along with a consensus price target of $119.00 from analysts.

Canada Pension Plan Investment Board lowered its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 13.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 799,833 shares of the company's stock after selling 120,073 shares during the quarter. Canada Pension Plan Investment Board owned about 0.13% of Roblox worth $46,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd raised its stake in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC grew 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 purchasing an additional 516 shares during the last quarter. 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 bought a new position in shares of Roblox during the fourth quarter valued at approximately $41,000. Finally, Headlands Technologies LLC bought 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

Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company upped their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Needham & Company LLC upped their target price on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 1st. BTIG Research set a $131.00 price objective on Roblox and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Barclays increased their price objective on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.00.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $133.67, for a total value of $802,020.00. Following the transaction, the insider directly owned 301,223 shares of the company's stock, valued at approximately $40,264,478.41. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the transaction, the director directly owned 279,868 shares in the company, valued at $36,206,523.16. The trade was a 19.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,854,931 shares of company stock valued at $383,522,881. 12.92% of the stock is currently owned by company insiders.

Roblox Price Performance

NYSE RBLX traded up $3.58 on Tuesday, reaching $128.17. 7,879,117 shares of the stock traded hands, compared to its average volume of 8,517,030. The firm's fifty day simple moving average is $118.45 and its 200 day simple moving average is $87.38. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a market cap of $82.67 billion, a price-to-earnings ratio of -89.63 and a beta of 1.62. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. The business'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. As a group, research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.