Douglas Lane & Associates LLC Sells 9,772 Shares of Roblox Corporation $RBLX

Key Points

• Douglas Lane & Associates LLC reduced its shares in Roblox Corporation by 24.6%, selling 9,772 shares and currently holding 29,962 shares worth approximately $3.15 million.
• Roblox reported a quarterly loss of ($0.41) EPS, missing estimates, but revenue increased by 50.5% year-over-year to $1.44 billion.
• Insider trading saw CEO David Baszucki selling nearly 455,000 shares, significantly reducing their ownership by 68.26%, while 12.92% of the company remains owned by insiders.

Douglas Lane & Associates LLC cut its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 24.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,962 shares of the company's stock after selling 9,772 shares during the period. Douglas Lane & Associates LLC's holdings in Roblox were worth $3,152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBLX. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox during the first quarter valued at approximately $39,000. Headlands Technologies LLC bought a new position in shares of Roblox during the first quarter valued at approximately $57,000. Finally, TD Private Client Wealth LLC bought a new position in shares of Roblox during the first quarter valued at approximately $58,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Up 0.3%

NYSE RBLX opened at $133.42 on Monday. The company has a fifty day simple moving average of $122.89 and a two-hundred day simple moving average of $91.41. The stock has a market cap of $86.06 billion, a P/E ratio of -93.30 and a beta of 1.62. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly 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 company had revenue of $1.44 billion during 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 company's quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 454,963 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the completion of the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $21,284,950.99. This trade represents a 68.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,457,612 shares of company stock valued at $156,869,417. 12.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent research reports. BTIG Research increased their price objective on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Arete Research set a $116.00 target price on shares of Roblox in a research note on Tuesday, September 9th. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their target price for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Wolfe Research upgraded shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Finally, Oppenheimer restated an "outperform" rating and issued a $125.00 target price (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $123.16.

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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