NorthCrest Asset Manangement LLC Sells 2,293 Shares of Roblox Corporation $RBLX

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

Several other hedge funds also recently modified their holdings of RBLX. Larson Financial Group LLC boosted its stake in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox in the 1st quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new stake in shares of Roblox in the 1st quarter valued at approximately $57,000. TD Private Client Wealth LLC acquired a new stake in shares of Roblox in the 1st quarter valued at approximately $58,000. Finally, Garde Capital Inc. acquired a new stake in shares of Roblox in the 1st quarter valued at approximately $66,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

NYSE:RBLX opened at $135.24 on Friday. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. 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 firm has a fifty day simple moving average of $125.89 and a 200 day simple moving average of $93.53. The stock has a market capitalization of $87.23 billion, a PE ratio of -94.57 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last released 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. Roblox'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, research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 192,617 shares of Roblox stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $105.13, for a total transaction of $20,249,825.21. Following the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $22,241,197.67. This trade represents a 47.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 822,938 shares of company stock valued at $92,998,426. 12.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on RBLX shares. Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. BTIG Research increased their price target on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Piper Sandler increased their price target on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Benchmark increased their price target on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Oppenheimer reiterated an "outperform" rating and issued a $125.00 price target (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $123.16.

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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