Maryland State Retirement & Pension System Has $2.88 Million Stock Holdings in Roblox Corporation $RBLX

Key Points

• The Maryland State Retirement & Pension System increased its investment in Roblox Corporation by 11.6% during the second quarter, bringing its total holdings to 27,387 shares valued at approximately $2.88 million.
• Multiple hedge funds have also raised their positions in Roblox, with institutional investors now owning 94.46% of the company's stock.
• Roblox's recent quarterly earnings reported a revenue of $1.44 billion, surpassing analyst expectations of $1.20 billion, despite missing EPS estimates.

Maryland State Retirement & Pension System grew its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,387 shares of the company's stock after buying an additional 2,838 shares during the quarter. Maryland State Retirement & Pension System's holdings in Roblox were worth $2,881,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RBLX. Farther Finance Advisors LLC lifted its holdings in Roblox by 21.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock valued at $84,000 after purchasing an additional 141 shares during the last quarter. Independent Wealth Network Inc. lifted its holdings in Roblox by 3.9% during the 2nd quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock valued at $409,000 after purchasing an additional 146 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Roblox by 1.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after purchasing an additional 163 shares during the last quarter. UMB Bank n.a. lifted its holdings in Roblox by 27.5% during the 2nd quarter. UMB Bank n.a. now owns 817 shares of the company's stock valued at $86,000 after purchasing an additional 176 shares during the last quarter. Finally, Commerce Bank lifted its holdings in Roblox by 2.7% during the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the sale, the insider owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares of the company's stock, valued at approximately $36,812,122.84. This represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 372,876 shares of company stock worth $48,196,989 over the last 90 days. Insiders own 12.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Wells Fargo & Company lifted their price target on shares of Roblox from $153.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, October 3rd. Cowen restated a "sell" rating on shares of Roblox in a research report on Monday, August 18th. BMO Capital Markets raised their price objective on shares of Roblox from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Finally, Needham & Company LLC raised their price objective on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.84.

Roblox Stock Up 0.3%

Shares of NYSE:RBLX opened at $126.77 on Friday. Roblox Corporation has a one year low of $39.30 and a one year high of $150.59. The company has a 50 day moving average of $128.96 and a 200-day moving average of $101.12. 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 has a market cap of $81.77 billion, a price-to-earnings ratio of -88.65 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current 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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