Chicago Partners Investment Group LLC Grows Stock Position in Roblox Corporation $RBLX

Key Points

• Chicago Partners Investment Group LLC increased its stake in Roblox Corporation by 134.2% in Q2, now holding 8,933 shares worth approximately $940,000.
• Roblox reported a Q2 revenue of $1.44 billion, exceeding analyst expectations of $1.20 billion, despite a loss of ($0.41) EPS.
• Insiders, including CEO David Baszucki, sold a total of 366,876 shares worth about $47.5 million in the last quarter, indicating a decrease in their ownership.

Chicago Partners Investment Group LLC lifted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 134.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,933 shares of the company's stock after purchasing an additional 5,119 shares during the period. Chicago Partners Investment Group LLC's holdings in Roblox were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in Roblox by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock worth $729,000 after buying an additional 127 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Roblox by 21.4% in the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock valued at $84,000 after acquiring an additional 141 shares during the last quarter. Independent Wealth Network Inc. lifted its holdings in Roblox by 3.9% in the second 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 last quarter. SBI Securities Co. Ltd. lifted its holdings in 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 last quarter. Finally, Allegiance Financial Group Advisory Services LLC lifted its holdings in Roblox by 1.9% in the second quarter. Allegiance Financial Group Advisory Services LLC now owns 9,342 shares of the company's stock valued at $983,000 after acquiring an additional 175 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David Baszucki sold 875 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 366,876 shares of company stock worth $47,485,929 in the last quarter. Insiders own 12.92% of the company's stock.

Roblox Trading Down 1.2%

Shares of Roblox stock opened at $133.18 on Wednesday. The company has a market capitalization of $85.91 billion, a P/E ratio of -93.13 and a beta of 1.63. 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 Corporation has a 1 year low of $40.57 and a 1 year high of $150.59. The business has a 50 day moving average price of $129.46 and a 200 day moving average price of $105.05.

Roblox (NYSE:RBLX - Get Free Report) last released its 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 firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. 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. Sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on RBLX. Roth Capital restated a "neutral" rating and set a $146.00 price target on shares of Roblox in a research note on Friday. Jefferies Financial Group increased their target price on Roblox from $126.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, October 14th. Wall Street Zen raised Roblox from a "sell" rating to a "hold" rating in a report on Saturday. Citigroup raised their price objective on Roblox from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Finally, Cowen reaffirmed a "sell" rating on shares of Roblox in a report on Monday, August 18th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.22.

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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