Cardinal Point Capital Management ULC Acquires New Position in Roblox Corporation $RBLX

Key Points

• Cardinal Point Capital Management ULC has acquired a new position in Roblox Corporation, purchasing 2,223 shares valued at approximately $234,000 during the second quarter.
• Roblox's latest quarterly earnings showed a revenue of $1.44 billion, which exceeded analysts' expectations, although the company reported a loss of ($0.41) EPS, missing the consensus estimate.
• Analysts have generally positive outlooks on Roblox, with several firms raising their price targets, with JPMorgan Chase increasing it from $150.00 to $160.00 and maintaining an "overweight" rating.

Cardinal Point Capital Management ULC acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,223 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Yousif Capital Management LLC increased its holdings in shares of Roblox by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock valued at $729,000 after purchasing an additional 127 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Roblox by 21.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock valued at $84,000 after purchasing an additional 141 shares in the last quarter. Independent Wealth Network Inc. grew its stake in Roblox by 3.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock valued at $409,000 after acquiring an additional 146 shares during the period. SBI Securities Co. Ltd. grew its stake in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after acquiring an additional 163 shares during the period. Finally, Drive Wealth Management LLC grew its stake in Roblox by 4.1% in the 2nd quarter. Drive Wealth Management LLC now owns 4,294 shares of the company's stock valued at $452,000 after acquiring an additional 168 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Down 1.1%

Shares of RBLX opened at $127.85 on Friday. Roblox Corporation has a 52-week low of $41.50 and a 52-week high of $150.59. 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's fifty day moving average is $129.77 and its two-hundred day moving average is $106.27. The stock has a market cap of $82.47 billion, a PE ratio of -89.41 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm's revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RBLX. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Barclays lifted their price target on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Canaccord Genuity Group lifted their price target on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler reissued an "overweight" rating on shares of Roblox in a research note on Friday. Finally, Citigroup lifted their price target on shares of Roblox from $152.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $129.22.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 shares of the business's 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 in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the completion of the sale, the insider owned 272,642 shares in the company, valued at approximately $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 366,876 shares of company stock worth $47,485,929 in the last 90 days. Insiders own 12.92% of the company's stock.

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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