Norden Group LLC Takes Position in Roblox Corporation $RBLX

Key Points

• Norden Group LLC has acquired a new stake in Roblox Corporation valued at approximately $317,000, with the acquisition of 3,017 shares reported in their recent SEC filing.
• Institutional investors and hedge funds collectively own 94.46% of Roblox's stock, reflecting significant interest from larger financial entities.
• Roblox's recent earnings report indicated a revenue growth of 50.5% year-over-year, although it reported a loss per share that missed consensus estimates.

Norden Group LLC acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,017 shares of the company's stock, valued at approximately $317,000.

Several other hedge funds have also recently bought and sold shares of RBLX. Fifth Third Bancorp grew its position in Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after acquiring an additional 298 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox in the first quarter valued at approximately $39,000. MassMutual Private Wealth & Trust FSB increased its stake in Roblox by 82.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock worth $72,000 after buying an additional 310 shares during the period. Finally, 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 worth $84,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 875 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction on 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 owned 46,866 shares of the company's stock, valued at $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 372,876 shares of company stock worth $45,861,309. 12.92% of the stock is owned by insiders.

Roblox Trading Up 2.3%

NYSE:RBLX opened at $135.11 on Friday. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The stock has a market cap of $87.15 billion, a P/E ratio of -94.48 and a beta of 1.62. 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 $127.47 and a 200-day simple moving average of $96.17.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results 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). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.Roblox's revenue was up 50.5% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on RBLX shares. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and boosted their price target for the stock from $81.00 to $130.00 in a research note on Wednesday, July 23rd. BTIG Research boosted their target price on Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Morgan Stanley increased their price target on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wedbush reiterated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research note on Thursday, September 4th. Finally, Wells Fargo & Company upped their target price on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.24.

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.

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