Ninety One SA PTY Ltd Sells 17,235 Shares of Roblox Corporation $RBLX

Key Points

• Ninety One SA PTY Ltd sold 17,235 shares of Roblox Corporation, reducing its stake by 40.1%, leaving them with 25,702 shares valued at approximately $2.7 million.
• Institutional investors own 94.46% of Roblox's stock, with notable recent changes including Nuveen LLC's new investment of about $70.3 million.
• Wall Street analysts have raised their price targets for Roblox, with ratings indicating a consensus of "Moderate Buy" and an average target price of $126.24.

Ninety One SA PTY Ltd decreased its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 40.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,702 shares of the company's stock after selling 17,235 shares during the period. Ninety One SA PTY Ltd's holdings in Roblox were worth $2,703,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new stake in Roblox during the first quarter worth approximately $70,254,000. Fox Run Management L.L.C. lifted its stake in shares of Roblox by 56.5% in the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock worth $709,000 after buying an additional 4,390 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Roblox in the second quarter worth $2,779,000. Long Corridor Asset Management Ltd bought a new position in Roblox in the 1st quarter worth $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Roblox by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after acquiring an additional 4,760 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the transaction, the chief accounting officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, the insider directly owned 278,642 shares of the company's stock, valued at $38,048,565.10. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 306,876 shares of company stock valued at $39,004,569. 12.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RBLX. Canaccord Genuity Group raised their price target on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. BTIG Research increased their target price on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Wells Fargo & Company increased their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price target on Roblox from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Finally, Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target for the company in a report on Tuesday, September 9th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.24.

Roblox Price Performance

Shares of RBLX stock opened at $138.87 on Wednesday. The stock has a 50 day moving average of $128.19 and a two-hundred day moving average of $97.61. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The company has a market capitalization of $89.57 billion, a P/E ratio of -97.11 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter 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. As a group, equities analysts expect that Roblox Corporation will post -1.49 EPS 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.

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.