Roblox Corporation $RBLX Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,406 shares of the company's stock after selling 65,266 shares during the period. Gotham Asset Management LLC's holdings in Roblox were worth $10,516,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RBLX. Vanguard Group Inc. raised its stake in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares during the last quarter. Ieq Capital LLC raised its stake in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock worth $504,387,000 after purchasing an additional 6,007,322 shares during the period. Two Sigma Advisers LP boosted its position in Roblox by 23.7% in the fourth quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock valued at $419,867,000 after buying an additional 1,391,800 shares during the last quarter. Finally, Amundi increased its holdings in Roblox by 55.5% in the 1st quarter. Amundi now owns 4,960,806 shares of the company's stock worth $288,818,000 after buying an additional 1,769,669 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research reports. Barclays lifted their price objective on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target on the stock in a report on Tuesday. Cowen reissued a "sell" rating on shares of Roblox in a report on Monday, August 18th. Needham & Company LLC lifted their price target on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Bank of America upped their price objective on Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $123.16.

Roblox Price Performance

Shares of NYSE RBLX traded up $1.01 during trading on Friday, hitting $133.97. The company had a trading volume of 3,550,740 shares, compared to its average volume of 8,766,530. The firm has a market capitalization of $86.42 billion, a price-to-earnings ratio of -93.70 and a beta of 1.62. The stock has a fifty day simple moving average of $122.30 and a two-hundred day simple moving average of $90.47. 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 fifty-two week low of $37.50 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released 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 company 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%.The firm's revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 454,963 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total value of $45,773,827.43. Following the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at $21,284,950.99. The trade was a 68.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,993,861 shares of company stock valued at $210,622,673 over the last quarter. 12.92% of the stock is currently owned by 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.