Kettle Hill Capital Management LLC Purchases New Stake in Roblox Corporation $RBLX

Key Points

• Kettle Hill Capital Management LLC has acquired 38,340 shares of Roblox Corporation valued at approximately $2.2 million in the first quarter, adding to the significant interest from institutional investors in the company.
• Roblox reported a loss of $0.41 per share for the last quarter, missing analyst estimates, but achieved a 50.5% increase in revenue, totaling $1.44 billion.
• A number of research analysts have recently raised their price targets for Roblox shares, with Canaccord Genuity setting a target of $160.00 and many analysts rating the stock as a "Buy."

Kettle Hill Capital Management LLC purchased a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,340 shares of the company's stock, valued at approximately $2,235,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd boosted its stake 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 buying an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its stake in 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. purchased a new stake in Roblox in the first quarter worth approximately $39,000. Colonial Trust Co SC purchased a new stake in Roblox in the fourth quarter worth approximately $41,000. Finally, Headlands Technologies LLC purchased a new stake in Roblox in the first quarter worth approximately $57,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $122.74, for a total value of $8,100,840.00. Following the completion of the transaction, the director owned 275,248 shares in the company, valued at approximately $33,783,939.52. The trade was a 19.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.20, for a total value of $805,200.00. Following the completion of the transaction, the insider owned 275,015 shares of the company's stock, valued at approximately $36,907,013. This trade represents a 2.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,053,908 shares of company stock worth $216,385,384. Insiders own 12.92% of the company's stock.

Roblox Stock Up 2.6%

Shares of NYSE RBLX traded up $3.28 during trading on Tuesday, reaching $131.75. The company had a trading volume of 6,528,247 shares, compared to its average volume of 8,822,744. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The stock has a market cap of $84.98 billion, a PE ratio of -92.13 and a beta of 1.62. The business's 50-day moving average is $120.47 and its 200 day moving average is $89.38. 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 (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 the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.Roblox's quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RBLX shares. JPMorgan Chase & Co. increased their price objective on Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley upped their target price on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Barclays upped their target price on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. BTIG Research upped their target price on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Wedbush restated an "outperform" rating and set a $165.00 target price on shares of Roblox in a report on Thursday, September 4th. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.16.

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.