Fortis Capital Advisors LLC Trims Holdings in Roblox Corporation $RBLX

Key Points

• Fortis Capital Advisors LLC reduced its stake in Roblox Corporation by 35.7% during Q2, now holding 8,033 shares valued at approximately $845,000.
• Roblox reported a loss of $0.41 per share for the last quarter, missing estimates and showcasing a 50.5% increase in year-over-year revenue, totaling $1.44 billion.
• A variety of analysts have set price targets for Roblox, with Needham & Company increasing their target from $79.00 to $159.00, reflecting a strong buy rating.

Fortis Capital Advisors LLC trimmed its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 35.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,033 shares of the company's stock after selling 4,462 shares during the period. Fortis Capital Advisors LLC's holdings in Roblox were worth $845,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Ascent Group LLC acquired a new position in shares of Roblox in the second quarter worth $450,000. Ameritas Advisory Services LLC purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $90,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $230,000. Yeomans Consulting Group Inc. purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $392,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Roblox by 68.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,675 shares of the company's stock valued at $6,278,000 after purchasing an additional 24,192 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

Shares of RBLX opened at $122.91 on Friday. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The company has a market capitalization of $79.28 billion, a PE ratio of -85.95 and a beta of 1.63. The company has a 50-day simple moving average of $128.89 and a 200-day simple moving average of $98.85. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results 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 firm 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%.Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on RBLX. Needham & Company LLC increased their price objective on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Cowen reissued a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Arete Research set a $116.00 price objective on shares of Roblox in a research report on Tuesday, September 9th. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective on the stock in a research report on Tuesday, September 9th. Finally, BMO Capital Markets upped their target price on shares of Roblox from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.72.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were 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 $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the sale, the insider directly owned 278,642 shares of the company's stock, valued at $38,048,565.10. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 366,876 shares of company stock worth $47,386,869. Company 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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