Cornerstone Enterprises LLC bought a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,400 shares of the company's stock, valued at approximately $252,000.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Ieq Capital LLC raised its holdings in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. Amundi raised its holdings in shares of Roblox by 55.5% in the first quarter. Amundi now owns 4,960,806 shares of the company's stock valued at $288,818,000 after acquiring an additional 1,769,669 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Roblox by 210.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after acquiring an additional 2,207,897 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Roblox
In other news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares in the company, valued at approximately $36,812,122.84. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 875 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares in the company, valued at $26,808,756.48. The trade was a 0.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,876 shares of company stock valued at $48,196,989. Insiders own 12.92% of the company's stock.
Wall Street Analysts Forecast Growth
RBLX has been the subject of several recent research reports. Piper Sandler lifted their price objective on Roblox to $180.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Wedbush restated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a report on Thursday, September 4th. Barclays lifted their price objective on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Benchmark lifted their price objective on Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Oppenheimer restated an "outperform" rating and issued a $125.00 price objective (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.84.
Check Out Our Latest Analysis on Roblox
Roblox Stock Performance
Shares of Roblox stock opened at $125.85 on Thursday. The company has a market capitalization of $81.18 billion, a PE ratio of -88.01 and a beta of 1.63. 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 company has a 50-day simple moving average of $129.15 and a two-hundred day simple moving average of $100.23. Roblox Corporation has a one year low of $39.30 and a one year high of $150.59.
Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.
About Roblox
(
Free Report)
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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