Catalyst Private Wealth LLC Invests $230,000 in Roblox Corporation $RBLX

Key Points

• Catalyst Private Wealth LLC purchased a new stake in Roblox Corporation during the 2nd quarter, acquiring 2,185 shares valued at approximately $230,000.
• Roblox's stock saw a slight decline of 1.0% and has a market capitalization of $87.63 billion, with a 1-year high of $150.59.
• Insider transactions indicate significant selling activity, with CEO David Baszucki and another insider selling a combined total of 21,427 shares valued at over $2.5 million recently.

Catalyst Private Wealth LLC purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,185 shares of the company's stock, valued at approximately $230,000.

A number of other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in shares of Roblox by 1.2% in the first 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. Commerce Bank increased its position in shares of Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after acquiring an additional 191 shares during the period. Advisors Asset Management Inc. increased its position in shares of Roblox by 6.1% in the first quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock valued at $194,000 after acquiring an additional 192 shares during the period. Ballentine Partners LLC increased its position in shares of Roblox by 0.3% in the first quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after acquiring an additional 198 shares during the period. Finally, Signaturefd LLC increased its position in shares of Roblox by 3.8% in the first quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

RBLX has been the topic of several research analyst reports. 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 report on Tuesday, September 9th. Morgan Stanley boosted their price target on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wedbush reiterated an "outperform" rating and set a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Bank of America boosted their price target on shares of Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Finally, Barclays upped their price objective on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.16.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 822,938 shares of company stock valued at $92,998,426. Company insiders own 12.92% of the company's stock.

Roblox Stock Performance

RBLX stock traded down $0.30 during midday trading on Friday, reaching $135.24. 16,746,329 shares of the company's stock traded hands, compared to its average volume of 7,281,631. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The stock has a market cap of $87.23 billion, a P/E ratio of -94.57 and a beta of 1.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock's 50-day moving average is $125.89 and its 200 day moving average is $93.53.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations 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 period 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, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current 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.