Jasper Ridge Partners L.P. Acquires 92,595 Shares of Roblox Corporation $RBLX

Key Points

• Jasper Ridge Partners L.P. increased its stake in Roblox Corporation by 15.1%, acquiring an additional 92,595 shares, bringing its total holdings to 705,672 shares, which is roughly 1.3% of their investment portfolio.
• Roblox has received various ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $119.00, while shares currently have a price range between $37.50 and $150.59 over the past year.
• Recent insider trading indicates significant activity, with CEO David Baszucki selling 687,500 shares for approximately $60.48 million, which represents a substantial 76.47% decrease in his ownership position.

Jasper Ridge Partners L.P. boosted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 705,672 shares of the company's stock after acquiring an additional 92,595 shares during the period. Roblox comprises about 1.3% of Jasper Ridge Partners L.P.'s investment portfolio, making the stock its 8th biggest holding. Jasper Ridge Partners L.P. owned about 0.11% of Roblox worth $41,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC lifted its stake in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox in the first quarter valued at $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox during the fourth quarter valued at $41,000. Finally, Headlands Technologies LLC bought a new position in shares of Roblox during the first quarter worth about $57,000. 94.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Cowen reiterated a "sell" rating on shares of Roblox in a research report on Monday. Wells Fargo & Company upped their target price on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and set a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. BTIG Research set a $131.00 price objective on Roblox and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Citigroup increased their price objective on Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Twenty research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

Insider Activity

In other news, CEO David Baszucki sold 687,500 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $87.97, for a total value of $60,479,375.00. Following the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $18,610,845.23. The trade was a 76.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 4,985,047 shares of company stock worth $482,893,185. 12.92% of the stock is currently owned by company insiders.

Roblox Trading Up 2.3%

Shares of NYSE:RBLX opened at $117.4930 on Friday. The company has a 50 day moving average of $115.24 and a 200-day moving average of $84.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a market cap of $75.79 billion, a P/E ratio of -82.16 and a beta of 1.63. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted 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). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. Roblox's revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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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