Central Pacific Bank Trust Division Decreases Stake in Roblox Corporation $RBLX

Key Points

• Central Pacific Bank Trust Division reduced its stake in Roblox Corporation by 41.5%, holding 5,842 shares worth approximately $615,000 after selling 4,143 shares.
• Roblox reported a quarterly earnings miss, with a loss of ($0.41) per share, compared to analysts' estimates of ($0.37), despite achieving a 50.5% revenue increase year-over-year.
• Several institutional investors increased their stakes in Roblox, with notable increases from Focus Partners Wealth (90.7%) and Quantinno Capital Management LP (163.3%) in the recent quarter.

Central Pacific Bank Trust Division reduced its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 41.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,842 shares of the company's stock after selling 4,143 shares during the period. Central Pacific Bank Trust Division's holdings in Roblox were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RBLX. Focus Partners Wealth lifted its stake in shares of Roblox by 90.7% in the fourth quarter. Focus Partners Wealth now owns 18,822 shares of the company's stock worth $1,106,000 after buying an additional 8,953 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in shares of Roblox by 22.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 18,301 shares of the company's stock worth $1,059,000 after buying an additional 3,345 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Roblox by 163.3% in the fourth quarter. Quantinno Capital Management LP now owns 90,362 shares of the company's stock worth $5,228,000 after buying an additional 56,046 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Roblox by 14.8% in the fourth quarter. Rafferty Asset Management LLC now owns 29,723 shares of the company's stock worth $1,720,000 after buying an additional 3,825 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its stake in shares of Roblox by 87.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company's stock worth $573,000 after buying an additional 4,629 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of RBLX opened at $133.42 on Friday. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The stock has a market cap of $86.06 billion, a PE ratio of -93.30 and a beta of 1.62. The firm has a 50-day simple moving average of $122.89 and a two-hundred day simple moving average of $91.19. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly 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 net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Roblox'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. As a group, analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RBLX shares. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial cut shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their price objective for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Morgan Stanley raised their price objective on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Canaccord Genuity Group raised their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Citigroup raised their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and an average target price of $123.16.

Insider Buying and Selling at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.20, for a total transaction of $805,200.00. Following the completion of the sale, the insider directly owned 275,015 shares in the company, valued at $36,907,013. This trade represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,993,861 shares of company stock valued at $210,622,673. 12.92% of the stock is currently owned by company insiders.

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.

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