FORA Capital LLC Buys New Stake in Roblox Corporation $RBLX

Key Points

• FORA Capital LLC acquired a new stake in Roblox Corporation valued at approximately $550,000, securing 9,431 shares in the first quarter.
• Insider activity saw significant sales, with CAO Amy Marie Rawlings selling 6,567 shares and insider Arvind Chakravarthy selling 20,552 shares, marking notable decreases in their ownership.
• Roblox stock has a market cap of $81.85 billion and recently opened at $126.90, with analysts maintaining a consensus rating of "Moderate Buy" and an average price target of $119.00.

FORA Capital LLC acquired a new position in Roblox Corporation (NYSE:RBLX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,431 shares of the company's stock, valued at approximately $550,000.

Several other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its stake in shares of Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after purchasing an additional 163 shares during the period. Commerce Bank lifted its stake in shares of Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after purchasing an additional 191 shares during the period. Ballentine Partners LLC lifted its stake in shares of Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock worth $4,518,000 after purchasing an additional 198 shares during the period. Signaturefd LLC increased its holdings in Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after acquiring an additional 225 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In related news, insider Mark Reinstra sold 150,000 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $99.75, for a total value of $14,962,500.00. Following the completion of the transaction, the insider directly owned 389,489 shares of the company's stock, valued at approximately $38,851,527.75. This trade represents a 27.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $92.26, for a total transaction 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 trade represents a 76.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,881,729 shares of company stock valued at $385,940,060. 12.92% of the stock is currently owned by insiders.

Roblox Price Performance

RBLX traded down $2.20 during trading on Monday, reaching $124.68. 5,445,299 shares of the company traded hands, compared to its average volume of 9,194,918. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The firm has a fifty day simple moving average of $117.56 and a 200 day simple moving average of $86.69. The company has a market cap of $80.42 billion, a P/E ratio of -87.19 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business earned ($0.32) earnings per share. The company's quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RBLX. Citigroup increased their target price on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Needham & Company LLC increased their target price on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Benchmark increased their target price on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, 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 report on Friday, August 22nd. Twenty investment analysts have rated the stock with a Buy rating, four have given 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 price target of $119.00.

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.