International Assets Investment Management LLC Acquires Shares of 1,943 Roblox Corporation $RBLX

Key Points

• International Assets Investment Management LLC acquired 1,943 shares of Roblox Corporation, valued at approximately $204,000, in the second quarter.
• Roblox experienced notable insider trading, with Director Anthony P. Lee selling 111,112 shares worth over $14.5 million on August 1st.
• Roblox's recent financial performance included a quarterly revenue of $1.44 billion, significantly surpassing analyst estimates of $1.20 billion, despite reporting a loss of ($0.41) per share.

International Assets Investment Management LLC acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,943 shares of the company's stock, valued at approximately $204,000.

A number of other hedge funds also recently bought and sold shares of RBLX. GAMMA Investing LLC lifted its stake in Roblox by 89.5% during the first quarter. GAMMA Investing LLC now owns 2,274 shares of the company's stock valued at $133,000 after buying an additional 1,074 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Roblox by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 26,234 shares of the company's stock valued at $1,529,000 after buying an additional 727 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Roblox by 5.9% during the first quarter. Asset Management One Co. Ltd. now owns 182,816 shares of the company's stock valued at $10,656,000 after buying an additional 10,172 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Roblox by 19.0% during the first quarter. Sequoia Financial Advisors LLC now owns 5,148 shares of the company's stock valued at $300,000 after buying an additional 823 shares in the last quarter. Finally, Western Financial Corp CA purchased a new stake in Roblox during the first quarter valued at about $1,114,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,876 shares of company stock worth $47,485,929. Corporate insiders own 12.92% of the company's stock.

Roblox Trading Up 1.1%

NYSE:RBLX opened at $129.37 on Friday. The stock's 50 day moving average price is $129.56 and its 200 day moving average price is $105.74. Roblox Corporation has a 52 week low of $41.17 and a 52 week high of $150.59. The company has a market capitalization of $83.45 billion, a P/E ratio of -90.47 and a beta of 1.63. 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 released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior 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. On average, research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on RBLX. Morgan Stanley set a $170.00 price target on shares of Roblox and gave the stock an "overweight" rating in a research report on Monday, October 13th. Barclays increased 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. Canaccord Genuity Group increased their price target on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target for the company in a research report on Tuesday, September 9th. Finally, Wedbush reissued an "outperform" rating and issued a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Roblox has an average rating of "Moderate Buy" and an average price target of $129.22.

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.

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.