Focus Partners Advisor Solutions LLC Buys 20,116 Shares of Roblox Corporation $RBLX

Key Points

• Focus Partners Advisor Solutions LLC increased its investment in Roblox Corporation by 419.3% in the first quarter, acquiring an additional 20,116 shares, bringing its total holdings to 24,913 shares valued at approximately $1,452,000.
• Roblox’s stock price recently reached $128.17 per share with a market capitalization of $82.67 billion, while the company reported earnings of ($0.41) EPS for the last quarter, missing estimates by ($0.04).
• Multiple brokerages have adjusted their price targets for Roblox, with BMO Capital Markets raising theirs from $135.00 to $150.00, reflecting a generally optimistic outlook with an average rating of "Moderate Buy".

Focus Partners Advisor Solutions LLC grew its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 419.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,913 shares of the company's stock after buying an additional 20,116 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Roblox were worth $1,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 Italy S.r.l. purchased a new position in Roblox in the 1st quarter worth approximately $1,032,000. Retirement Planning Co of New England Inc. purchased a new position in Roblox in the 1st quarter worth approximately $503,000. MAI Capital Management grew its stake in Roblox by 51.3% in the 1st quarter. MAI Capital Management now owns 1,596 shares of the company's stock worth $93,000 after buying an additional 541 shares in the last quarter. Baird Financial Group Inc. grew its stake in Roblox by 5.0% in the 1st quarter. Baird Financial Group Inc. now owns 7,192 shares of the company's stock worth $419,000 after buying an additional 342 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Roblox by 208.1% in the 1st quarter. Panagora Asset Management Inc. now owns 589,567 shares of the company's stock worth $34,366,000 after buying an additional 398,226 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup upped 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. Canaccord Genuity Group upped their price objective on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler upped their price objective on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

Roblox Trading Down 1.6%

RBLX traded down $2.01 during trading on Friday, hitting $127.78. 6,940,123 shares of the stock traded hands, compared to its average volume of 8,730,606. The firm has a market capitalization of $82.42 billion, a P/E ratio of -89.35 and a beta of 1.62. 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 50-day moving average of $120.00 and a 200 day moving average of $88.56. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company's quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the company earned ($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 year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the sale, the insider owned 301,223 shares of the company's stock, valued at $40,264,478.41. This represents a 1.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the sale, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,047,908 shares of company stock worth $215,580,184 over the last ninety days. 12.92% of the stock is owned by company insiders.

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.