Great Lakes Advisors LLC Purchases 6,468 Shares of Roblox Corporation $RBLX

Key Points

• Great Lakes Advisors LLC increased its stake in Roblox Corporation by 14.1%, acquiring an additional 6,468 shares, bringing its total holdings to 52,386 shares valued at approximately $3.05 million.
• Insiders sold a total of 1,993,861 shares of Roblox stock valued at $210.6 million in the last quarter, indicating significant insider activity.
• Roblox reported a revenue of $1.44 billion for the last quarter, reflecting a 50.5% year-over-year growth, although the company missed the EPS consensus estimate.

Great Lakes Advisors LLC raised its position in Roblox Corporation (NYSE:RBLX - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,386 shares of the company's stock after acquiring an additional 6,468 shares during the quarter. Great Lakes Advisors LLC's holdings in Roblox were worth $3,054,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after purchasing an additional 6,007,322 shares during the period. Vanguard Group Inc. increased its position in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the last quarter. Ninety One UK Ltd bought a new stake in Roblox in the first quarter valued at approximately $137,379,000. Whale Rock Capital Management LLC raised its stake in Roblox by 95.8% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after buying an additional 2,326,588 shares during the period. Finally, Ieq Capital LLC lifted its position 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 valued at $1,101,097,000 after buying an additional 2,297,350 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 20,552 shares of the company's stock in a transaction on 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 completion of the sale, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $122.74, for a total value of $8,100,840.00. Following the completion of the transaction, the director owned 275,248 shares in the company, valued at $33,783,939.52. The trade was a 19.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,993,861 shares of company stock valued at $210,622,673 in the last quarter. Company insiders own 12.92% of the company's stock.

Roblox Trading Up 0.8%

RBLX stock opened at $132.88 on Thursday. 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 $85.71 billion, a PE ratio of -92.92 and a beta of 1.62. The company's 50-day simple moving average is $121.71 and its 200 day simple moving average is $89.97. 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 (NYSE:RBLX - Get Free Report) last posted 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned ($0.32) EPS. The business's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RBLX. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and boosted their target price for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Oppenheimer reiterated an "outperform" rating and issued a $125.00 price objective (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. BTIG Research raised their target price on shares of Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday. Cowen reiterated a "sell" rating on shares of Roblox in a research note on Monday, August 18th. Finally, Piper Sandler increased their price target on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two 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 an average price target of $123.16.

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.

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