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 lessened its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,962 shares of the company's stock after selling 9,772 shares during the quarter. Douglas Lane & Associates LLC's holdings in Roblox were worth $3,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RBLX. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in 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 during the period. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox during the 1st quarter worth about $39,000. Headlands Technologies LLC purchased a new stake in Roblox during the 1st quarter worth about $57,000. Finally, TD Private Client Wealth LLC purchased a new stake in Roblox during the 1st quarter worth about $58,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.21 during mid-day trading on Friday, reaching $135.75. 2,642,507 shares of the company traded hands, compared to its average volume of 8,685,476. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $87.56 billion, a PE ratio of -94.79 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. The stock has a fifty day simple moving average of $125.30 and a 200-day simple moving average of $93.03.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data 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 analyst estimates 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 revenue for the quarter 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. Equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of the business's stock in a transaction dated 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 transaction, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 192,617 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $105.13, for a total transaction of $20,249,825.21. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $22,241,197.67. The trade was a 47.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 822,938 shares of company stock worth $92,998,426. 12.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RBLX. Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target for the company in a report on Tuesday, September 9th. Needham & Company LLC boosted their target price on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 1st. Piper Sandler boosted their target price on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Arete Research set a $116.00 target price on Roblox in a report on Tuesday, September 9th. Finally, Wolfe Research raised Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Friday, August 22nd. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $123.16.

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.