Longboard Asset Management LP Takes $258,000 Position in Roblox Corporation $RBLX

Key Points

• Longboard Asset Management LP invested $258,000 in Roblox Corporation (NYSE:RBLX) by acquiring 2,457 shares during the second quarter.
• Several institutional investors have increased their stakes in Roblox, with hedge funds and other institutions now owning 94.46% of the stock.
• Roblox's stock received multiple analyst upgrades, with price targets being raised significantly, including an increase to $170 from Morgan Stanley and to $173 from BTIG Research.

Longboard Asset Management LP acquired a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,457 shares of the company's stock, valued at approximately $258,000.

A number of other hedge funds also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd lifted 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 acquiring an additional 240 shares during the period. Larson Financial Group LLC lifted 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 acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter valued at about $39,000. Headlands Technologies LLC purchased a new stake in shares of Roblox during the first quarter valued at about $57,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Roblox during the first quarter valued at about $58,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of RBLX traded up $1.70 during trading hours on Monday, reaching $136.88. 6,620,503 shares of the company traded hands, compared to its average volume of 7,736,943. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $88.29 billion, a PE ratio of -95.72 and a beta of 1.62. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The stock has a fifty day simple moving average of $126.39 and a 200 day simple moving average of $94.55.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $1.20 billion. During the same period in the previous year, the business earned ($0.32) EPS. The firm'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, research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the transaction, the insider directly owned 242,469 shares of the company's stock, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction dated 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 transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $26,808,756.48. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 828,938 shares of company stock worth $93,817,726 in the last quarter. 12.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RBLX shares. BTIG Research increased their price objective on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. BMO Capital Markets increased their price objective on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays increased their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group increased their price target on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average price target of $124.56.

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.