Evergreen Capital Management LLC Trims Stake in Roblox Corporation $RBLX

Key Points

• Evergreen Capital Management LLC reduced its stake in Roblox Corporation by 28%, selling 7,979 shares and leaving them with 20,482 shares valued at approximately $1.19 million.
• Roblox reported quarterly earnings that missed analysts' expectations, showing an EPS of ($0.41) against an expected ($0.37), though its revenue of $1.44 billion exceeded estimates.
• Several analysts have raised their target prices for Roblox, with Wells Fargo increasing it from $116 to $153 and offering an "overweight" rating on the stock.

Evergreen Capital Management LLC cut its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 28.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,482 shares of the company's stock after selling 7,979 shares during the quarter. Evergreen Capital Management LLC's holdings in Roblox were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd lifted its position 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 buying an additional 240 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox in the 1st quarter worth approximately $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox in the 4th quarter worth approximately $41,000. Finally, Headlands Technologies LLC purchased a new position in shares of Roblox during the 1st quarter worth approximately $57,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of NYSE RBLX opened at $124.68 on Friday. 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 company has a market cap of $80.42 billion, a price-to-earnings ratio of -87.19 and a beta of 1.63. The stock's 50-day moving average is $117.56 and its two-hundred day moving average is $86.54. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced 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 company had revenue of $1.44 billion for 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 business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) earnings per share. 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 Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Oppenheimer reiterated an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Citigroup raised their target price on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Needham & Company LLC lifted their target price on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, BMO Capital Markets increased their price target on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average target price of $119.00.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 687,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $18,610,845.23. This represents a 76.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 4,935,047 shares of company stock worth $478,661,185. Insiders own 12.92% of the company's stock.

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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