Roblox Corporation $RBLX Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. reduced its holdings in Roblox Corporation by 23.2% in the first quarter, now owning approximately 0.53% of the company valued at $195.4 million after selling over one million shares.
• Roblox's stock received multiple price target upgrades from analysts, with notable raises including Needham & Company increasing its target to $159 and Canaccord Genuity to $160, reflecting strong market confidence.
• The company reported a net loss of ($0.41) earnings per share for its last quarter, falling short of analyst estimates, but its revenue rose by 50.5% year-over-year, reaching $1.44 billion.

Price T Rowe Associates Inc. MD cut its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,352,246 shares of the company's stock after selling 1,011,736 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.53% of Roblox worth $195,403,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction that occurred on 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 owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares of the company's stock, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,935,047 shares of company stock valued at $478,661,185. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Down 1.3%

Shares of RBLX traded down $1.62 during mid-day trading on Wednesday, reaching $123.15. 6,745,877 shares of the stock traded hands, compared to its average volume of 10,814,158. Roblox Corporation has a 12-month low of $37.50 and a 12-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 firm has a market cap of $79.43 billion, a price-to-earnings ratio of -86.11 and a beta of 1.63. The stock has a fifty day simple moving average of $116.62 and a 200 day simple moving average of $85.56.

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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business 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. Sell-side analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. Needham & Company LLC raised their price target on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 1st. Citigroup raised their price target on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Oppenheimer restated an "outperform" rating and issued a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Morgan Stanley raised their price target on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, 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 report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Roblox has a consensus rating of "Moderate Buy" and an average target price of $119.00.

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.