CV Advisors LLC Buys Shares of 2,620 Roblox Corporation $RBLX

Key Points

• CV Advisors LLC purchased 2,620 shares of Roblox Corporation ($RBLX) during the second quarter, with the investment valued at approximately $276,000.
• Insider activity includes significant sales by Director Anthony P. Lee, who sold 111,112 shares for over $14.5 million, along with other insiders, totaling almost 373,000 shares sold in recent months.
• Roblox reported a revenue increase of 50.5% year-over-year, despite a loss of ($0.41) per share for the latest quarter, which missed analyst expectations.

CV Advisors LLC bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,620 shares of the company's stock, valued at approximately $276,000.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Roblox in the first quarter valued at approximately $70,254,000. Fox Run Management L.L.C. lifted its stake in shares of Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock worth $709,000 after buying an additional 4,390 shares during the period. Moody Lynn & Lieberson LLC acquired a new stake in shares of Roblox during the second quarter worth $2,779,000. Long Corridor Asset Management Ltd acquired a new stake in shares of Roblox during the first quarter worth $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Roblox by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after buying an additional 4,760 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares of the company's stock, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 372,876 shares of company stock worth $48,196,989 over the last three months. Corporate insiders own 12.92% of the company's stock.

Roblox Trading Up 0.3%

NYSE RBLX opened at $126.77 on Friday. The company has a market capitalization of $81.77 billion, a PE ratio of -88.65 and a beta of 1.63. The company has a fifty day moving average of $128.96 and a 200 day moving average of $101.41. Roblox Corporation has a 1 year low of $39.30 and a 1 year high of $150.59. 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 posted its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company's revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on RBLX. Wells Fargo & Company lifted their price objective on shares of Roblox from $153.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, October 3rd. Morgan Stanley lifted their price objective on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wolfe Research upgraded shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research note on Friday, August 22nd. Benchmark lifted their price objective on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and lifted their price objective for the stock from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $126.84.

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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