National Pension Service Cuts Holdings in Roblox Corporation $RBLX

Key Points

• The National Pension Service reduced its stake in Roblox Corporation by 8.6%, owning approximately 0.11% of the company worth $42.1 million after selling 68,069 shares.
• Wall Street analysts have notably increased their target prices for Roblox, with Barclays raising it from $62 to $120, while Canaccord Genuity set a new target of $160.
• Insider transactions include notable sales, with Director Andrea L. Wong selling 5,770 shares and insider Matthew D. Kaufman selling 6,000 shares, indicating a decrease in their positions.

National Pension Service lowered its position in Roblox Corporation (NYSE:RBLX - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 722,031 shares of the company's stock after selling 68,069 shares during the period. National Pension Service owned about 0.11% of Roblox worth $42,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RBLX. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC raised its position in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox in the 1st quarter worth about $39,000. Colonial Trust Co SC purchased a new stake in Roblox in the 4th quarter worth about $41,000. Finally, Headlands Technologies LLC purchased a new stake in Roblox in the 1st quarter worth about $57,000. Institutional investors own 94.46% of the company's stock.

Insider Activity

In related news, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $92.26, for a total transaction of $63,428,750.00. Following the completion of the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $19,518,433.34. This trade represents a 76.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 4,980,441 shares of company stock worth $481,547,299 over the last three months. Company insiders own 12.92% of the company's stock.

Roblox Stock Down 0.2%

RBLX traded down $0.1910 during trading on Wednesday, hitting $118.0890. The stock had a trading volume of 8,697,392 shares, compared to its average volume of 8,823,091. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The stock has a 50 day simple moving average of $113.99 and a two-hundred day simple moving average of $83.58. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $76.17 billion, a PE ratio of -82.62 and a beta of 1.63.

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 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The company's quarterly 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. On average, research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Oppenheimer reissued an "outperform" rating and issued a $125.00 price objective (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and increased their price objective for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Piper Sandler increased their price objective on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, 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. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.59.

Roblox 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.