Chiron Capital Management LLC Trims Stock Position in Roblox Corporation $RBLX

Key Points

• Chiron Capital Management LLC reduced its stock position in Roblox Corporation by 68.6%, ending the first quarter with 3,799 shares valued at $221,000.
• Several large investors, including Vanguard Group Inc. and Whale Rock Capital Management LLC, have made significant adjustments to their holdings in Roblox during recent quarters.
• Roblox stock has a market capitalization of $80.42 billion and currently holds a consensus rating of "Moderate Buy" among analysts, with a price target of $119.00.

Chiron Capital Management LLC trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 68.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,799 shares of the company's stock after selling 8,303 shares during the period. Chiron Capital Management LLC's holdings in Roblox were worth $221,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RBLX. Vanguard Group Inc. raised its stake in shares of Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. Durable Capital Partners LP purchased a new position in shares of Roblox during the 4th quarter worth approximately $246,560,000. Ninety One UK Ltd purchased a new position in shares of Roblox during the 1st quarter worth approximately $137,379,000. Whale Rock Capital Management LLC raised its stake in shares of Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after buying an additional 2,326,588 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after buying an additional 2,297,350 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the subject of a number of analyst reports. Wall Street Zen downgraded Roblox from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group raised their price objective on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Citigroup raised their price objective on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research note on Monday, August 25th. Twenty equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

Roblox Stock Performance

Roblox stock opened at $124.68 on Tuesday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $117.98 and a two-hundred day moving average of $87.09. The company has a market capitalization of $80.42 billion, a price-to-earnings ratio of -87.19 and a beta of 1.62. 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 released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion for 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 quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 150,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the completion of the transaction, the insider owned 389,489 shares of the company's stock, valued at approximately $38,851,527.75. This trade represents a 27.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $92.26, for a total value of $63,428,750.00. Following the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $19,518,433.34. The trade was a 76.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,854,931 shares of company stock valued at $383,522,881 in the last three months. 12.92% of the stock is currently owned by company insiders.

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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