Candriam S.C.A. Acquires 5,328 Shares of Roblox Corporation $RBLX

Key Points

• Candriam S.C.A. increased its stake in Roblox Corporation by 19%, holding a total of 33,411 shares valued at approximately $1.95 million.
• CEO David Baszucki sold 687,500 shares at $87.97 each, reducing his ownership by 76.47% and retaining 211,559 shares worth around $18.61 million.
• Analysts have recently revised their price targets for Roblox, with Barclays setting it at $120, while Citigroup and Canaccord Genuity suggested targets of $152 and $160, respectively, indicating strong buy ratings across the board.

Candriam S.C.A. raised its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,411 shares of the company's stock after buying an additional 5,328 shares during the period. Candriam S.C.A.'s holdings in Roblox were worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Credit Agricole S A boosted its stake in Roblox by 55.6% in the first quarter. Credit Agricole S A now owns 23,969 shares of the company's stock worth $1,397,000 after purchasing an additional 8,563 shares in the last quarter. MIG Capital LLC lifted its position in shares of Roblox by 133.0% during the first quarter. MIG Capital LLC now owns 13,316 shares of the company's stock worth $776,000 after purchasing an additional 7,602 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Roblox by 124.2% during the first quarter. Hsbc Holdings PLC now owns 526,683 shares of the company's stock valued at $30,669,000 after purchasing an additional 291,750 shares during the last quarter. Korea Investment CORP increased its holdings in shares of Roblox by 16.8% in the first quarter. Korea Investment CORP now owns 364,331 shares of the company's stock valued at $21,237,000 after purchasing an additional 52,325 shares in the last quarter. Finally, Northern Trust Corp raised its position in Roblox by 1.9% in the 1st quarter. Northern Trust Corp now owns 3,164,329 shares of the company's stock worth $184,449,000 after purchasing an additional 60,105 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RBLX shares. Wall Street Zen cut Roblox from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays upped their target price on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Benchmark lifted their price target on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Cowen reiterated a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Roblox in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $119.00.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 687,500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $18,610,845.23. The trade was a 76.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 4,935,047 shares of company stock valued at $478,661,185 over the last ninety days. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Up 3.4%

Shares of RBLX traded up $4.20 on Thursday, hitting $126.90. The company's stock had a trading volume of 5,164,499 shares, compared to its average volume of 8,861,449. 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 firm has a market capitalization of $81.85 billion, a price-to-earnings ratio of -88.53 and a beta of 1.63. The firm's fifty day moving average price is $116.62 and its 200-day moving average price is $85.56. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced 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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. 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 EPS for the current year.

Roblox Company 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.