Roblox Corporation $RBLX Shares Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in Roblox Corporation by 162.1% in the first quarter, acquiring a total of 127,534 shares worth approximately $7.43 million.
• Roblox has received mixed ratings from analysts, with targets ranging from $74.00 to $152.00, while its consensus rating stands at "Moderate Buy" with a target of $119.00.
• The company reported a revenue of $1.44 billion for the most recent quarter, exceeding estimates, but had a loss of ($0.41) per share, missing analyst expectations.

Landscape Capital Management L.L.C. lifted its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 162.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,534 shares of the company's stock after buying an additional 78,878 shares during the period. Roblox makes up approximately 0.7% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 20th biggest holding. Landscape Capital Management L.L.C.'s holdings in Roblox were worth $7,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RBLX. Dimensional Fund Advisors LP lifted its position in Roblox by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 620,983 shares of the company's stock valued at $35,933,000 after purchasing an additional 36,828 shares during the period. MetLife Investment Management LLC lifted its position in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after purchasing an additional 161 shares during the period. Integrated Wealth Concepts LLC lifted its position in Roblox by 18.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,588 shares of the company's stock valued at $439,000 after purchasing an additional 1,186 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Roblox during the fourth quarter valued at $213,000. Finally, Coldstream Capital Management Inc. acquired a new position in Roblox during the fourth quarter valued at $209,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on RBLX shares. Benchmark boosted their target price on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. 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 report on Friday, August 1st. Wolfe Research upgraded shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Friday, August 22nd. Macquarie upped their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total value of $8,538,420.00. Following the completion of the sale, the director owned 279,868 shares of the company's stock, valued at $36,206,523.16. This represents a 19.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the transaction, the insider directly owned 301,223 shares of the company's stock, valued at $40,264,478.41. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,881,729 shares of company stock worth $385,940,060. 12.92% of the stock is currently owned by company insiders.

Roblox Price Performance

Shares of RBLX stock traded down $2.20 on Monday, reaching $124.68. 5,445,299 shares of the company were exchanged, compared to its average volume of 9,194,918. The company has a market cap of $80.42 billion, a price-to-earnings ratio of -87.19 and a beta of 1.62. The business has a 50-day moving average price of $117.56 and a 200 day moving average price of $86.69. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.41) 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 analysts' expectations of $1.20 billion. During the same period in the prior year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

About Roblox

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.