Roblox Corporation $RBLX Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd has reduced its holdings in Roblox Corporation by 47.4%, now owning shares worth approximately $1.99 million.
• Roblox's recent quarterly earnings report showed it missed analysts' earnings estimates, posting a loss of ($0.41) per share and achieving revenue of $1.44 billion, up 50.5% year-over-year.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with a price target ranging from $116.00 to $165.00.

Perpetual Ltd lowered its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 47.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,928 shares of the company's stock after selling 17,034 shares during the period. Perpetual Ltd's holdings in Roblox were worth $1,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Ieq Capital LLC boosted its position in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after buying an additional 2,297,350 shares during the period. AQR Capital Management LLC boosted its position in Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after buying an additional 6,007,322 shares during the period. Amundi boosted its position in Roblox by 55.5% in the 1st quarter. Amundi now owns 4,960,806 shares of the company's stock valued at $288,818,000 after buying an additional 1,769,669 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after buying an additional 2,207,897 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 139,507 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $22,253,891.21. The trade was a 39.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anthony P. Lee sold 111,112 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 597,798 shares of company stock valued at $69,517,978. Company insiders own 12.92% of the company's stock.

Roblox Stock Performance

RBLX traded down $3.77 on Tuesday, reaching $133.07. The company had a trading volume of 2,485,093 shares, compared to its average volume of 8,717,866. 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 stock has a market capitalization of $85.83 billion, a PE ratio of -93.25 and a beta of 1.62. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The stock has a 50-day moving average price of $126.39 and a 200-day moving average price of $94.55.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on RBLX shares. Wells Fargo & Company raised their price target on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets raised their price target on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target for the company in a research report on Tuesday, September 9th. Cowen reissued a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Finally, Barclays raised their price target on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.56.

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.