Okabena Investment Services Inc. Buys 3,532 Shares of Roblox Corporation $RBLX

Key Points

• Okabena Investment Services Inc. increased its stake in Roblox Corporation by 21.8%, acquiring an additional 3,532 shares for a total of 19,740 shares valued at approximately $1.15 million.
• Roblox's CEO, David Baszucki, sold 687,500 shares of stock worth over $60 million, decreasing his ownership by 76.47%.
• Analysts have varied opinions on Roblox, with Morgan Stanley setting a new price target of $170 and a consensus rating of "Moderate Buy."

Okabena Investment Services Inc. lifted its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 21.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,740 shares of the company's stock after purchasing an additional 3,532 shares during the period. Okabena Investment Services Inc.'s holdings in Roblox were worth $1,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ieq Capital LLC boosted its position in shares of Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. FORA Capital LLC bought a new position in shares of Roblox in the 1st quarter worth $550,000. Comerica Bank boosted its position in shares of Roblox by 89.9% in the 1st quarter. Comerica Bank now owns 13,566 shares of the company's stock worth $791,000 after purchasing an additional 6,421 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Roblox by 19.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,498 shares of the company's stock worth $148,000 after purchasing an additional 399 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted 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 last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the sale, the director owned 279,868 shares in the company, valued at approximately $36,206,523.16. This represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,881,729 shares of company stock valued at $385,940,060 in the last ninety days. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets lifted their target price on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Canaccord Genuity Group lifted their target price on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup lifted their target price on Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Twenty investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

Roblox Stock Down 1.7%

Shares of Roblox stock traded down $2.20 during trading on Monday, reaching $124.68. The stock had a trading volume of 5,445,299 shares, compared to its average volume of 9,194,918. The company has a market capitalization of $80.42 billion, a price-to-earnings ratio of -87.19 and a beta of 1.62. The stock has a fifty day moving average price of $117.56 and a two-hundred day moving average price of $86.69. Roblox Corporation has a 52 week low of $37.50 and a 52 week 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.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS 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 the consensus estimate 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 last year, the firm earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal 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.