Maridea Wealth Management LLC Purchases Shares of 2,239 Roblox Corporation $RBLX

Maridea Wealth Management LLC acquired a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,239 shares of the company's stock, valued at approximately $236,000.

Several other large investors have also modified their holdings of RBLX. AQR Capital Management LLC raised its stake in Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock worth $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of Roblox during the first quarter worth about $137,379,000. Ieq Capital LLC increased its position in shares of Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after purchasing an additional 2,207,897 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $118.51, for a total transaction of $711,060.00. Following the completion of the transaction, the insider directly owned 307,223 shares of the company's stock, valued at approximately $36,408,997.73. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 372,876 shares of company stock valued at $45,861,309. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays raised their price target on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. BTIG Research increased their price objective on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Needham & Company LLC raised their target price on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and upped their price target for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Finally, Bank of America increased their price target on shares of Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $126.24.

Roblox Price Performance

Roblox stock opened at $132.06 on Friday. 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 business has a 50 day simple moving average of $127.26 and a 200-day simple moving average of $95.61. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The stock has a market capitalization of $85.18 billion, a PE ratio of -92.35 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current 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.

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