Empowered Funds LLC Buys 98,988 Shares of Roblox Corporation $RBLX

Key Points

• Empowered Funds LLC has significantly increased its stake in Roblox Corporation, acquiring 98,988 shares to bring its total holdings to 108,813 shares, valued at approximately $6.34 million.
• Roblox reported a loss of $0.41 EPS for the last quarter, missing analyst estimates, but saw a year-over-year revenue increase of 50.5% to $1.44 billion.
• Analysts remain optimistic about Roblox, with multiple firms raising their target prices and maintaining a consensus rating of "Moderate Buy", suggesting potential growth ahead.

Empowered Funds LLC grew its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 1,007.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,813 shares of the company's stock after acquiring an additional 98,988 shares during the period. Empowered Funds LLC's holdings in Roblox were worth $6,343,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the period. Larson Financial Group LLC grew its position in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox during the first quarter valued at $39,000. Headlands Technologies LLC bought a new stake in shares of Roblox in the first quarter valued at about $57,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Roblox in the first quarter valued at about $58,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 875 shares of Roblox stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 directly owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $122.74, for a total transaction of $8,100,840.00. Following the sale, the director directly owned 275,248 shares in the company, valued at approximately $33,783,939.52. This represents a 19.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,993,861 shares of company stock valued at $210,622,673. 12.92% of the stock is currently owned by corporate insiders.

Roblox Price Performance

NYSE RBLX opened at $132.88 on Thursday. The firm's fifty day simple moving average is $121.71 and its two-hundred day simple moving average is $89.97. The firm has a market capitalization of $85.71 billion, a P/E ratio of -92.92 and a beta of 1.62. 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 Corporation has a 12-month low of $37.50 and a 12-month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the company posted ($0.32) EPS. The business'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. Analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Citigroup increased their price objective on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wolfe Research raised 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. BTIG Research upped their target price on Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Benchmark lifted their price target on Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $123.16.

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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