Northern Trust Corp Purchases 60,105 Shares of Roblox Corporation $RBLX

Key Points

• Northern Trust Corp increased its stake in Roblox Corp by 1.9% in Q1, owning 3,164,329 shares valued at approximately $184.4 million.
• Roblox reported a disappointing EPS of ($0.41) for the last quarter, missing consensus estimates, although its revenue was up 50.5% year-over-year.
• Despite mixed earnings results, several analysts increased their price targets for Roblox, with Benchmarks raising theirs from $77 to $150 and Morgan Stanley raising theirs from $76 to $170.

Northern Trust Corp raised its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,164,329 shares of the company's stock after purchasing an additional 60,105 shares during the period. Northern Trust Corp owned 0.50% of Roblox worth $184,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versor Investments LP lifted its stake in shares of Roblox by 356.7% in the 1st quarter. Versor Investments LP now owns 21,006 shares of the company's stock worth $1,224,000 after acquiring an additional 16,406 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Roblox by 3.8% during the first quarter. Cresset Asset Management LLC now owns 22,881 shares of the company's stock valued at $1,334,000 after acquiring an additional 834 shares during the period. Ethic Inc. acquired a new stake in shares of Roblox during the first quarter valued at approximately $534,000. Aberdeen Group plc grew its position in Roblox by 0.7% during the first quarter. Aberdeen Group plc now owns 81,185 shares of the company's stock valued at $4,732,000 after purchasing an additional 600 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its position in Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after purchasing an additional 4,390 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David Baszucki sold 687,500 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the completion of the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $18,610,845.23. This represents a 76.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 4,985,047 shares of company stock worth $482,893,185. 12.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of research analyst reports. Roth Mkm boosted their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and boosted their price objective for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Bank of America boosted their price objective on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.00.

Roblox Stock Performance

Shares of NYSE RBLX traded up $7.29 during trading hours on Monday, hitting $124.81. 13,487,729 shares of the stock were exchanged, compared to its average volume of 8,869,019. The firm has a market capitalization of $80.51 billion, a P/E ratio of -87.28 and a beta of 1.63. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59. The company's 50 day moving average is $115.24 and its 200 day moving average is $84.61. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. Roblox's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter 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 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.