Fortis Capital Advisors LLC Invests $728,000 in Roblox Corporation $RBLX

Key Points

• Fortis Capital Advisors LLC recently invested $728,000 in Roblox Corporation, acquiring 12,495 shares in the first quarter as reported in their 13F filing with the SEC.
• Roblox has seen significant interest from institutional investors, with 94.46% of its stock owned by them, including major increases from firms like Ameriprise Financial and Focus Partners Wealth.
• Analyst ratings for Roblox are largely positive, with a consensus average rating of "Moderate Buy" and a target price around $123.16, though a few analysts have issued lower ratings.

Fortis Capital Advisors LLC acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,495 shares of the company's stock, valued at approximately $728,000.

Other large investors also recently made changes to their positions in the company. Focus Partners Wealth lifted its stake in Roblox by 88.9% during the first quarter. Focus Partners Wealth now owns 35,547 shares of the company's stock valued at $2,072,000 after buying an additional 16,725 shares in the last quarter. SCS Capital Management LLC purchased a new stake in Roblox during the first quarter valued at about $679,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Roblox by 4.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,171,597 shares of the company's stock valued at $126,582,000 after buying an additional 86,992 shares in the last quarter. Empowered Funds LLC lifted its stake in Roblox by 1,007.5% during the first quarter. Empowered Funds LLC now owns 108,813 shares of the company's stock valued at $6,343,000 after buying an additional 98,988 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Roblox during the first quarter valued at about $215,000. Institutional investors own 94.46% of the company's stock.

Roblox Stock Up 0.3%

NYSE RBLX traded up $0.46 during trading on Friday, reaching $133.42. The company's stock had a trading volume of 5,238,408 shares, compared to its average volume of 8,864,180. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $86.06 billion, a PE ratio of -93.30 and a beta of 1.62. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The business has a 50-day moving average price of $122.89 and a 200-day moving average price of $91.19.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and upped their price objective for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Roblox from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Citigroup increased their price target on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Benchmark boosted their price objective on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average price target of $123.16.

Insider Activity at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the transaction, the insider owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,993,861 shares of company stock worth $210,622,673 in the last 90 days. Insiders own 12.92% of the company's stock.

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.