Lauterbach Financial Advisors LLC Purchases New Stake in Roblox Corporation $RBLX

Key Points

• Lauterbach Financial Advisors LLC has acquired a new stake in Roblox Corporation, purchasing 2,540 shares valued at approximately $267,000 during the second quarter.
• Roblox has seen significant institutional interest, with over 94% of its shares owned by institutional investors, including significant stakes from firms like Nuveen LLC and Fox Run Management L.L.C.
• Despite missing earnings estimates for the last quarter, Roblox reported a 50.5% increase in revenue year-over-year, highlighting strong performance in its core business.

Lauterbach Financial Advisors LLC acquired a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,540 shares of the company's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Roblox in the first quarter worth about $70,254,000. Fox Run Management L.L.C. raised its stake in shares of Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock worth $709,000 after buying an additional 4,390 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of Roblox during the second quarter worth approximately $2,779,000. Long Corridor Asset Management Ltd bought a new stake in shares of Roblox during the first quarter worth approximately $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Roblox by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after buying an additional 4,760 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 306,876 shares of company stock valued at $39,004,569 over the last 90 days. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Raymond James Financial cut Roblox from a "strong-buy" rating to an "outperform" rating and raised their target price for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Wedbush restated an "outperform" rating and set a $165.00 target price on shares of Roblox in a report on Thursday, September 4th. Oppenheimer restated an "outperform" rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Finally, Piper Sandler raised their target price on Roblox to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus price target of $126.24.

Roblox Trading Up 4.9%

NYSE RBLX opened at $141.61 on Tuesday. The firm has a market cap of $91.34 billion, a P/E ratio of -99.03 and a beta of 1.62. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The stock's 50-day moving average is $127.81 and its 200-day moving average is $97.32. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly 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). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate 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.

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