Durable Capital Partners LP Sells 794,754 Shares of Roblox Corporation $RBLX

Key Points

• Durable Capital Partners LP has reduced its stake in Roblox Corporation by 18.7%, now holding 3,466,575 shares after selling 794,754 shares in the first quarter.
• Roblox's stock saw a 1.7% decline recently, with a market capitalization of $80.42 billion and a 52-week trading range between $37.50 and $150.59.
• Equity analysts have generally rated Roblox positively, with a consensus rating of "Moderate Buy" and an average price target of $119.00, with Canaccord Genuity recently boosting their target to $160.00.

Durable Capital Partners LP cut its position in Roblox Corporation (NYSE:RBLX - Free Report) by 18.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,466,575 shares of the company's stock after selling 794,754 shares during the quarter. Roblox accounts for about 1.8% of Durable Capital Partners LP's portfolio, making the stock its 23rd largest holding. Durable Capital Partners LP owned about 0.55% of Roblox worth $202,067,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RBLX. Vanguard Group Inc. boosted its stake in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Roblox in the 1st quarter worth about $137,379,000. Whale Rock Capital Management LLC boosted its holdings in shares of Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after acquiring an additional 2,326,588 shares during the last quarter. Ieq Capital LLC raised its stake in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after acquiring an additional 2,297,350 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Roblox by 210.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock worth $189,840,000 after purchasing an additional 2,207,897 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Up 3.9%

Shares of RBLX stock traded up $5.03 during trading hours on Wednesday, reaching $133.50. The company had a trading volume of 10,658,145 shares, compared to its average volume of 8,517,030. The company has a market capitalization of $86.11 billion, a P/E ratio of -93.36 and a beta of 1.62. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. 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 stock's fifty day simple moving average is $119.06 and its 200 day simple moving average is $87.70.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted ($0.32) EPS. The company's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Needham & Company LLC raised their price objective on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 1st. Canaccord Genuity Group raised their price objective on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Cowen reiterated a "sell" rating on shares of Roblox in a research note on Monday, August 18th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $125.00 price target (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 687,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $92.26, for a total value of $63,428,750.00. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $19,518,433.34. This represents a 76.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Reinstra sold 150,000 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the completion of the sale, the insider owned 389,489 shares of the company's stock, valued at approximately $38,851,527.75. This represents a 27.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,854,931 shares of company stock worth $383,522,881 over the last quarter. 12.92% of the stock is currently owned by corporate insiders.

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.