PDT Partners LLC Has $5.66 Million Stock Position in Roblox Corporation $RBLX

Key Points

• PDT Partners LLC reduced its stake in Roblox Corporation by 35.3%, holding 97,112 shares after selling 53,086 shares in the first quarter, with their holdings valued at approximately $5.66 million.
• Roblox's stock is currently showing a 1.7% decline and has a market cap of $80.42 billion, with a one-year high of $150.59 and a low of $37.50.
• Analyst ratings indicate a strong positive outlook for Roblox, with twenty analysts rating it as a "Buy", and recent price targets set as high as $170.00.

PDT Partners LLC trimmed its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 35.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,112 shares of the company's stock after selling 53,086 shares during the quarter. PDT Partners LLC's holdings in Roblox were worth $5,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC acquired a new stake in Roblox during the fourth quarter valued at approximately $41,000. Finally, Headlands Technologies LLC acquired a new stake in Roblox during the first quarter valued at approximately $57,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 3.9%

NYSE:RBLX traded up $5.03 during trading hours on Wednesday, hitting $133.50. 10,658,145 shares of the stock were exchanged, compared to its average volume of 8,517,030. The company's 50 day moving average is $119.06 and its two-hundred day moving average is $87.70. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a market capitalization of $86.11 billion, a P/E ratio of -93.36 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted ($0.32) EPS. The firm'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, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RBLX. Morgan Stanley boosted 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. Needham & Company LLC boosted their target price on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup boosted 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. Wedbush reissued an "outperform" rating and issued a $165.00 target price on shares of Roblox in a report on Monday, August 25th. Finally, Cowen reissued a "sell" rating on shares of Roblox in a report on Monday, August 18th. Twenty equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average target price of $119.00.

Insider Buying and Selling at Roblox

In other news, insider Mark Reinstra sold 150,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the transaction, the insider owned 389,489 shares of the company's stock, valued at $38,851,527.75. This represents a 27.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 687,500 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $92.26, for a total value of $63,428,750.00. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $19,518,433.34. This trade represents a 76.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,854,931 shares of company stock worth $383,522,881. Company insiders own 12.92% of the company's stock.

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.