Roblox Corporation $RBLX Shares Acquired by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners Inc. increased its stake in Roblox Corporation by 2.9%, now holding 84,400 shares valued at $4.92 million.
• Institutional investors own a significant 94.46% of Roblox's stock, with multiple firms like Gordian Capital and Larson Financial Group increasing their positions dramatically.
• Roblox experienced a 50.5% year-over-year revenue increase, reporting $1.44 billion for the last quarter but missed earnings expectations, posting a loss of ($0.41) per share.

Polar Asset Management Partners Inc. boosted its position in Roblox Corporation (NYSE:RBLX - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,400 shares of the company's stock after buying an additional 2,400 shares during the period. Polar Asset Management Partners Inc.'s holdings in Roblox were worth $4,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of RBLX. Vanguard Group Inc. raised its stake 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 buying an additional 4,400,624 shares during the period. Ieq Capital LLC lifted its position 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 acquiring an additional 2,297,350 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. Two Sigma Advisers LP raised its stake in Roblox by 23.7% in the 4th 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 during the last quarter. Finally, Amundi raised its stake 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 purchasing an additional 1,769,669 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 2.6%

Shares of NYSE RBLX traded up $3.28 during mid-day trading on Tuesday, reaching $131.75. 6,529,423 shares of the company's stock were exchanged, compared to its average volume of 8,869,110. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The company's 50-day moving average is $120.47 and its 200-day moving average is $89.38.

Roblox (NYSE:RBLX - Get Free Report) last released 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 analysts' expectations of $1.20 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The business's revenue for the quarter 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. As a group, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RBLX shares. Canaccord Genuity Group increased their price objective on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a research note on Tuesday. Citigroup increased their price objective on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $125.00 target price (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $123.16.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 454,963 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $21,284,950.99. This trade represents a 68.26% decrease in their position. 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 firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Insiders sold 2,053,908 shares of company stock worth $216,385,384 in the last three months. 12.92% of the stock is owned by company insiders.

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.