Roblox Corporation $RBLX Position Lowered by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC reduced its stake in Roblox Corporation by 18.8%, selling 2,293 shares and holding a total of 9,884 shares valued at approximately $1,024,000 as of the latest SEC filing.
• Roblox reported a net loss of ($0.41) earnings per share for the recent quarter, missing analyst expectations, but saw a 50.5% increase in revenue year-over-year to $1.44 billion.
• Analysts have a consensus rating of "Moderate Buy" for Roblox stock, with an average price target of $123.16 following several analysts upgrading their price targets recently.

NorthCrest Asset Manangement LLC trimmed its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,884 shares of the company's stock after selling 2,293 shares during the period. NorthCrest Asset Manangement LLC's holdings in Roblox were worth $1,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox during the 1st quarter worth $39,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 last quarter. Headlands Technologies LLC acquired a new stake in shares of Roblox during the 1st quarter worth $57,000. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Roblox during the 1st quarter worth $58,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Down 1.7%

NYSE:RBLX traded down $2.36 on Tuesday, reaching $134.48. The stock had a trading volume of 1,213,144 shares, compared to its average volume of 8,711,207. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a 50-day moving average of $126.39 and a 200 day moving average of $94.55. The stock has a market cap of $86.75 billion, a P/E ratio of -93.96 and a beta of 1.62. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. 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.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 139,507 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $22,253,891.21. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 597,798 shares of company stock worth $69,517,978. 12.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wedbush restated an "outperform" rating and set a $165.00 price objective on shares of Roblox in a report on Thursday, September 4th. Citigroup increased their price target on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. 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. Cowen reiterated a "sell" rating on shares of Roblox in a report on Monday, August 18th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $125.00 price target (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.56.

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.