New Insight Wealth Advisors Acquires New Shares in Roblox Corporation $RBLX

Key Points

• New Insight Wealth Advisors has acquired 3,563 shares of Roblox Corporation (NYSE:RBLX), valued at approximately $375,000, during the second quarter.
• Roblox reported a revenue of $1.44 billion for the last quarter, significantly exceeding analysts' expectations of $1.20 billion, though it posted a loss of ($0.41) earnings per share.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Roblox, with an average price target of $126.24 and notable increases in price targets from several firms.

New Insight Wealth Advisors acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 3,563 shares of the company's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in shares of 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 period. SBI Securities Co. Ltd. raised its stake in shares of 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 period. UMB Bank n.a. raised its stake in shares of 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 period. Commerce Bank raised its stake in shares of 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 period. Finally, Advisors Asset Management Inc. raised its stake in shares of Roblox by 6.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock valued at $194,000 after purchasing an additional 192 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Down 0.8%

NYSE RBLX opened at $132.06 on Friday. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. 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 stock has a 50 day simple moving average of $127.26 and a two-hundred day simple moving average of $95.61. The stock has a market cap of $85.18 billion, a P/E ratio of -92.35 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share 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 during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted ($0.32) EPS. The company'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, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RBLX shares. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and upped their target price for the stock from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Barclays raised their price target on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. BTIG Research raised their price target on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Canaccord Genuity Group increased their price objective on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Wedbush reiterated an "outperform" rating and set a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and an average price target of $126.24.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 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 transaction of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 372,876 shares of company stock worth $45,861,309. 12.92% of the stock is owned by company insiders.

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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