IVC Wealth Advisors LLC Makes New Investment in Roblox Corporation $RBLX

Key Points

• IVC Wealth Advisors LLC has invested approximately $346,000 in Roblox Corporation, purchasing 3,290 shares in the second quarter.
• Roblox's CEO, David Baszucki, and CAO, Amy Marie Rawlings, have recently sold shares, with insiders selling a total of 366,876 shares valued at nearly $47.4 million in the past ninety days.
• Several Wall Street analysts have raised their price targets for Roblox, with the average target now at $126.72 and a consensus rating of "Moderate Buy."

IVC Wealth Advisors LLC bought a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,290 shares of the company's stock, valued at approximately $346,000.

Several other institutional investors have also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC purchased a new stake in shares of Roblox during the second quarter worth $307,000. LGT Fund Management Co Ltd. purchased a new stake in shares of Roblox during the second quarter worth $4,955,000. 111 Capital purchased a new stake in shares of Roblox during the second quarter worth $1,414,000. QRG Capital Management Inc. lifted its position in shares of Roblox by 50.8% during the second quarter. QRG Capital Management Inc. now owns 63,248 shares of the company's stock worth $6,654,000 after acquiring an additional 21,306 shares in the last quarter. Finally, WT Asset Management Ltd purchased a new stake in shares of Roblox during the second quarter worth $91,620,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 875 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 366,876 shares of company stock valued at $47,386,869 over the last ninety days. 12.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RBLX has been the topic of several research analyst reports. Needham & Company LLC upped their price target on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wolfe Research raised shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Friday, August 22nd. 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, September 9th. Benchmark upped their price target on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Roblox from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.72.

Roblox Stock Performance

NYSE RBLX opened at $122.91 on Friday. The company has a 50-day simple moving average of $128.89 and a two-hundred day simple moving average of $99.13. 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 12-month low of $37.50 and a 12-month high of $150.59. The firm has a market cap of $79.28 billion, a price-to-earnings ratio of -85.95 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business's revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

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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