OMERS ADMINISTRATION Corp Has $917,000 Stock Holdings in Roblox Corporation $RBLX

Key Points

• OMERS Administration Corp has reduced its stake in Roblox Corporation by 14.1%, now holding 15,728 shares worth $917,000.
• Insider transactions include CEO David Baszucki selling 687,500 shares for approximately $63.4 million, reducing his holdings by 76.47%.
• Roblox's stock has seen a decrease of 1.7% and currently has a market capitalization of $80.42 billion with a twelve-month price range between $37.50 and $150.59.

OMERS ADMINISTRATION Corp trimmed its position in Roblox Corporation (NYSE:RBLX - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,728 shares of the company's stock after selling 2,573 shares during the period. OMERS ADMINISTRATION Corp's holdings in Roblox were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RBLX. Vanguard Group Inc. lifted its holdings in shares of Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Durable Capital Partners LP bought a new stake in shares of Roblox in the fourth quarter valued at about $246,560,000. Ninety One UK Ltd bought a new stake in shares of Roblox in the first quarter valued at about $137,379,000. Whale Rock Capital Management LLC lifted its holdings in shares of Roblox by 95.8% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after purchasing an additional 2,326,588 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Down 2.6%

NYSE:RBLX traded down $3.50 during trading hours on Thursday, hitting $129.96. 8,028,744 shares of the company were exchanged, compared to its average volume of 8,850,450. The stock has a market capitalization of $83.83 billion, a price-to-earnings ratio of -90.88 and a beta of 1.62. 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 Corporation has a one year low of $37.50 and a one year high of $150.59. The company has a fifty day simple moving average of $119.06 and a 200 day simple moving average of $87.70.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results 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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business posted ($0.32) earnings per share. The business's revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup upped 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. Needham & Company LLC upped their target price on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company upped their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. BTIG Research set a $131.00 price target on Roblox and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Oppenheimer restated an "outperform" rating and set a $125.00 target price (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. 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. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $119.00.

Insider Activity

In other Roblox news, 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 completion of the sale, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $133.67, for a total value of $802,020.00. Following the sale, the insider owned 301,223 shares of the company's stock, valued at approximately $40,264,478.41. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,848,933 shares of company stock worth $290,748,425. 12.92% of the stock is owned by insiders.

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.