Northwestern Mutual Wealth Management Co. Sells 16,375 Shares of Roblox Corporation $RBLX

Key Points

• Northwestern Mutual Wealth Management Co. reduced its holdings in Roblox Corporation by 56.7%, selling 16,375 shares and retaining 12,526 shares, valued at approximately $730,000.
• Insider selling was significant, with CEO David Baszucki selling 687,500 shares and Mark Reinstra selling 150,000 shares, resulting in a substantial decrease in their ownership of the stock.
• Despite mixed analyst ratings, an overwhelming majority classify Roblox as a "Moderate Buy", with a consensus target price of $119.00.

Northwestern Mutual Wealth Management Co. lowered its position in Roblox Corporation (NYSE:RBLX - Free Report) by 56.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,526 shares of the company's stock after selling 16,375 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Roblox were worth $730,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Roblox by 1.4% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 92,944 shares of the company's stock worth $5,418,000 after purchasing an additional 1,273 shares during the period. Jasper Ridge Partners L.P. lifted its position in shares of Roblox by 15.1% in the 1st quarter. Jasper Ridge Partners L.P. now owns 705,672 shares of the company's stock worth $41,134,000 after purchasing an additional 92,595 shares during the period. AlphaQuest LLC lifted its position in shares of Roblox by 220.7% in the 1st quarter. AlphaQuest LLC now owns 2,659 shares of the company's stock worth $155,000 after purchasing an additional 1,830 shares during the period. Allstate Corp lifted its position in shares of Roblox by 25.1% in the 1st quarter. Allstate Corp now owns 17,786 shares of the company's stock worth $1,037,000 after purchasing an additional 3,572 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in shares of Roblox by 344.6% in the 1st quarter. 1832 Asset Management L.P. now owns 395,500 shares of the company's stock worth $23,054,000 after purchasing an additional 306,540 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Down 2.6%

Shares of RBLX stock traded down $3.50 on Thursday, hitting $129.96. The stock had a trading volume of 8,028,061 shares, compared to its average volume of 8,850,442. The business has a 50 day moving average of $119.06 and a 200 day moving average of $87.70. The stock has a market cap of $83.83 billion, a price-to-earnings ratio of -90.88 and a beta of 1.62. 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 Corporation has a 12-month low of $37.50 and a 12-month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced 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 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 revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insiders Place Their Bets

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the transaction, the insider owned 301,223 shares in the company, valued at $40,264,478.41. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the transaction, the insider owned 242,469 shares of the company's stock, valued at $28,541,025.99. This represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,848,933 shares of company stock valued at $290,748,425. Company insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research reports. Oppenheimer reiterated an "outperform" rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Citigroup boosted their target price on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wolfe Research upgraded shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Bank of America upped their price objective on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Twenty equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $119.00.

About Roblox

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.