Jump Financial LLC Has $4.61 Million Stock Position in Roblox Corporation $RBLX

Key Points

• Jump Financial LLC significantly reduced its stake in Roblox Corporation by 60.2% during the 1st quarter, currently holding a position worth $4.61 million.
• In recent activity, CEO David Baszucki sold 687,500 shares of Roblox stock, representing a 76.47% decrease in his ownership, with total insider sales reaching nearly $479 million over the last ninety days.
• Analysts have adjusted their price targets for Roblox, with Piper Sandler raising their objective from $105 to $138, while the overall consensus rating is currently a "Moderate Buy."

Jump Financial LLC reduced its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 60.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,024 shares of the company's stock after selling 119,438 shares during the quarter. Jump Financial LLC's holdings in Roblox were worth $4,606,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RBLX. Vanguard Group Inc. grew its holdings in shares of Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Durable Capital Partners LP bought a new stake in shares of Roblox during the 4th quarter worth $246,560,000. Ninety One UK Ltd bought a new stake in shares of Roblox during the 1st quarter worth $137,379,000. Whale Rock Capital Management LLC lifted its position in shares of Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after buying an additional 2,326,588 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock worth $189,840,000 after buying an additional 2,207,897 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $18,610,845.23. This trade represents a 76.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,935,047 shares of company stock worth $478,661,185 in the last ninety days. 12.92% of the stock is owned by company insiders.

Roblox Price Performance

Roblox stock opened at $124.81 on Tuesday. 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 company has a market capitalization of $80.51 billion, a PE ratio of -87.28 and a beta of 1.63. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The stock has a 50-day moving average price of $115.73 and a two-hundred day moving average price of $85.02.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on RBLX. Piper Sandler upped their price objective on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Bank of America upped their price objective on 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 upped their price objective on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Oppenheimer restated an "outperform" rating and set a $125.00 price objective (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Finally, 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. Twenty equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $119.00.

Roblox Company 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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