Ieq Capital LLC Buys 2,297,350 Shares of Roblox Corporation $RBLX

Key Points

• Ieq Capital LLC increased its stake in Roblox Corporation by 13.8% during the first quarter, owning a total of 18,889,973 shares worth approximately $1.1 billion.
• CEO David Baszucki sold 687,500 shares of Roblox, resulting in a 76.47% decrease in his ownership, and insiders have sold nearly 5 million shares in the past three months.
• Roblox reported 50.5% year-over-year revenue growth for the last quarter, with a total revenue of $1.44 billion, although it missed earnings estimates.

Ieq Capital LLC grew its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,889,973 shares of the company's stock after purchasing an additional 2,297,350 shares during the quarter. Roblox makes up 8.8% of Ieq Capital LLC's holdings, making the stock its biggest position. Ieq Capital LLC owned about 3.00% of Roblox worth $1,101,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RBLX. Dimensional Fund Advisors LP grew its position in shares of Roblox by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 620,983 shares of the company's stock valued at $35,933,000 after purchasing an additional 36,828 shares during the period. MetLife Investment Management LLC grew its position in shares of Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after purchasing an additional 161 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Roblox by 18.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 7,588 shares of the company's stock valued at $439,000 after purchasing an additional 1,186 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Roblox during the fourth quarter worth about $213,000. Finally, Coldstream Capital Management Inc. acquired a new position in Roblox during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, CEO David Baszucki sold 687,500 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the completion of the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $18,610,845.23. This represents a 76.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 4,935,047 shares of company stock valued at $478,661,185. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Performance

NYSE:RBLX opened at $125.26 on Wednesday. The company has a fifty day simple moving average of $116.21 and a two-hundred day simple moving average of $85.30. The company has a market cap of $80.80 billion, a price-to-earnings ratio of -87.60 and a beta of 1.63. 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 52 week low of $37.50 and a 52 week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The company's quarterly revenue 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, equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RBLX. Cowen restated a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Bank of America boosted their price target on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. The Goldman Sachs Group boosted their price target on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Barclays boosted their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, Wolfe Research raised shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research note on Friday, August 22nd. Twenty analysts have rated the stock with a Buy rating, four 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.00.

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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