Counterpoint Mutual Funds LLC Takes $2.29 Million Position in Roblox Corporation $RBLX

Key Points

• Counterpoint Mutual Funds LLC acquired a new stake in Roblox Corporation, purchasing 21,735 shares for approximately $2.29 million during the second quarter.
• Roblox's latest earnings report showed a loss of ($0.41) EPS, missing analysts' estimates, but the company generated $1.44 billion in revenue, exceeding expectations.
• Recent analyst upgrades have increased price targets for Roblox stock, with Morgan Stanley setting a target of $170.00 and Wells Fargo raising theirs to $153.00, reflecting positive sentiment among equity research analysts.

Counterpoint Mutual Funds 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 21,735 shares of the company's stock, valued at approximately $2,287,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox in the first quarter valued at about $39,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Roblox by 82.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock valued at $72,000 after acquiring an additional 310 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Roblox by 27.5% in the second quarter. UMB Bank n.a. now owns 817 shares of the company's stock valued at $86,000 after acquiring an additional 176 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of NYSE RBLX opened at $136.88 on Tuesday. The business's 50 day moving average price is $126.39 and its 200 day moving average price is $94.55. The firm has a market cap of $88.29 billion, a P/E ratio of -95.72 and a beta of 1.62. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last issued 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). The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. Roblox's quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 875 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer owned 211,559 shares in the company, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 597,798 shares of company stock valued at $69,517,978 over the last quarter. Company insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Benchmark boosted their target price on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Arete Research set a $116.00 target price on shares of Roblox in a report on Tuesday, September 9th. Finally, Canaccord Genuity Group boosted their target price on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.56.

Roblox Company 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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