Kaufman Rossin Wealth LLC Acquires New Position in Roblox Corporation $RBLX

Key Points

• Kaufman Rossin Wealth LLC acquired 12,817 shares of Roblox Corporation (NYSE:RBLX), worth approximately $747,000, making it the firm's 23rd largest investment.
• Roblox reported earnings of ($0.41) per share, missing estimates, but posted strong revenue growth of 50.5% year-over-year.
• The company's stock currently has a consensus rating of "Moderate Buy" with target prices ranging from $63.00 to $150.00 across various analyst reports.

Kaufman Rossin Wealth LLC acquired a new position in Roblox Corporation (NYSE:RBLX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,817 shares of the company's stock, valued at approximately $747,000. Roblox accounts for approximately 0.5% of Kaufman Rossin Wealth LLC's investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd grew its holdings in Roblox by 74.8% in the fourth 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 period. Larson Financial Group LLC lifted its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the first quarter worth approximately $39,000. Colonial Trust Co SC bought a new position in shares of Roblox in the fourth quarter worth approximately $41,000. Finally, Headlands Technologies LLC bought a new position in shares of Roblox in the first quarter worth approximately $57,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $133.67, for a total value of $802,020.00. Following the completion of the sale, the insider owned 301,223 shares in the company, valued at approximately $40,264,478.41. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,985,047 shares of company stock worth $482,893,185. 12.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RBLX shares. Needham & Company LLC upped their target price on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Macquarie upped their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Barclays boosted their target price on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Piper Sandler boosted their target price on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Twenty analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Roblox Price Performance

RBLX traded up $2.6430 during trading on Friday, hitting $117.4930. 7,640,384 shares of the company traded hands, compared to its average volume of 9,934,186. The company has a market cap of $75.79 billion, a PE ratio of -82.16 and a beta of 1.63. The stock's 50-day simple moving average is $115.24 and its two-hundred day simple moving average is $84.49. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

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 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 for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. The business's 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, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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.