Panagora Asset Management Inc. Purchases 398,226 Shares of Roblox Corporation $RBLX

Key Points

• Panagora Asset Management Inc. increased its holdings in Roblox Corporation by 208.1% in the 1st quarter, acquiring an additional 398,226 shares, bringing its total ownership to approximately $34.37 million.
• Roblox recently reported earnings that missed analysts' expectations, with a quarterly revenue of $1.44 billion, up 50.5% year-over-year, while EPS was ($0.41).
• Several analysts have upgraded or adjusted their target prices for Roblox, with Oppenheimer raising its target price to $125, significantly up from $80.

Panagora Asset Management Inc. grew its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 208.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 589,567 shares of the company's stock after purchasing an additional 398,226 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.09% of Roblox worth $34,366,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in Roblox by 1.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after acquiring an additional 163 shares during the period. Commerce Bank boosted its holdings in Roblox by 2.7% during the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after acquiring an additional 191 shares during the period. Ballentine Partners LLC boosted its holdings in Roblox by 0.3% during the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after acquiring an additional 198 shares during the period. Signaturefd LLC boosted its holdings in Roblox by 3.8% during the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after acquiring an additional 225 shares during the period. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Oppenheimer restated an "outperform" rating and set a $125.00 target price (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Wall Street Zen cut Roblox from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Raymond James Financial cut Roblox from a "strong-buy" rating to an "outperform" rating and increased their target price for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Bank of America increased their target price on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Finally, Morgan Stanley increased their target price on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Roblox Trading Down 1.7%

NYSE RBLX opened at $124.68 on Friday. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day simple moving average of $117.56 and a two-hundred day simple moving average of $86.54. The stock has a market cap of $80.42 billion, a P/E ratio of -87.19 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data 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 return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted ($0.32) EPS. The company'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, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was 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 $18,610,845.23. This trade represents a 76.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 4,935,047 shares of company stock valued at $478,661,185. Company insiders own 12.92% of the company's stock.

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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