Point72 Italy S.r.l. Invests $1.03 Million in Roblox Corporation $RBLX

Key Points

• Point72 Italy S.r.l. has invested approximately $1.03 million in Roblox Corporation by acquiring 17,700 shares, making it the firm's 22nd largest holding.
• Major hedge funds such as Vanguard Group Inc. and Whale Rock Capital Management LLC have significantly increased their positions in Roblox, highlighting growing institutional confidence in the company.
• Analysts have raised target prices for Roblox shares, with Morgan Stanley increasing theirs from $76.00 to $170.00, reflecting a positive outlook amidst a recent quarterly earnings report showing strong revenue growth.

Point72 Italy S.r.l. acquired a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,700 shares of the company's stock, valued at approximately $1,032,000. Roblox makes up about 1.0% of Point72 Italy S.r.l.'s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Vanguard Group Inc. grew its position in 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. Ieq Capital LLC grew its position in 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. Two Sigma Advisers LP grew its position in Roblox by 23.7% in the fourth quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock valued at $419,867,000 after purchasing an additional 1,391,800 shares in the last quarter. Whale Rock Capital Management LLC grew its position in 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, Two Sigma Investments LP grew its position in Roblox by 25.7% in the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock valued at $261,219,000 after purchasing an additional 921,822 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RBLX shares. Morgan Stanley raised their target price on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Bank of America boosted their target price on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and boosted their target price for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Canaccord Genuity Group boosted their target price on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Piper Sandler boosted their target price on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $119.00.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $133.67, for a total value of $802,020.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the sale, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at approximately $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 4,935,047 shares of company stock valued at $478,661,185 in the last 90 days. 12.92% of the stock is currently owned by corporate insiders.

Roblox Price Performance

NYSE:RBLX opened at $124.68 on Friday. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59. The company has a market cap of $80.42 billion, a P/E ratio of -87.19 and a beta of 1.63. The firm's fifty day moving average price is $117.56 and its two-hundred day moving average price is $86.54. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

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

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.

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