Fox Run Management L.L.C. Buys 4,390 Shares of Roblox Corporation $RBLX

Key Points

• Fox Run Management L.L.C. increased its stake in Roblox Corporation (NYSE:RBLX) by 56.5%, owning a total of 12,161 shares valued at approximately $709,000.
• Analysts have raised their price targets for Roblox, with Goldman Sachs upgrading their target from $63 to $80, while Needham & Company set a target as high as $159.
• Insiders have sold over 5 million shares of Roblox stock valued at nearly $493 million in the last 90 days, with 12.92% of the stock now owned by insiders.

Fox Run Management L.L.C. grew its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 56.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,161 shares of the company's stock after acquiring an additional 4,390 shares during the quarter. Fox Run Management L.L.C.'s holdings in Roblox were worth $709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RBLX. Vanguard Group Inc. boosted its holdings in shares of Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after acquiring an additional 4,400,624 shares during the last quarter. Durable Capital Partners LP purchased a new stake in shares of Roblox during the 4th quarter valued at about $246,560,000. Ninety One UK Ltd purchased a new stake in shares of Roblox during the 1st quarter valued at about $137,379,000. Whale Rock Capital Management LLC boosted its holdings in shares of Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after acquiring an additional 2,326,588 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after acquiring an additional 2,207,897 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBLX. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their price target for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Bank of America raised their price objective on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Morgan Stanley raised their price objective on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays raised their price objective on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Benchmark raised their price objective on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Nineteen equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $117.59.

Roblox Price Performance

NYSE:RBLX traded down $1.9090 during trading hours on Tuesday, hitting $118.0410. 7,496,644 shares of the stock traded hands, compared to its average volume of 10,015,290. 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 Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The company has a market cap of $76.14 billion, a price-to-earnings ratio of -82.55 and a beta of 1.63. The stock has a 50 day moving average price of $113.99 and a 200 day moving average price of $83.58.

Roblox (NYSE:RBLX - Get Free Report) last issued 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the firm earned ($0.32) EPS. Roblox's revenue for the quarter 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. Sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 687,500 shares of Roblox stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $18,610,845.23. The trade was a 76.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 4,994,441 shares of company stock worth $482,701,599 over the last quarter. 12.92% of the stock is owned by insiders.

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.