Prime Capital Investment Advisors LLC Sells 10,278 Shares of Roblox Corporation $RBLX

Key Points

• Prime Capital Investment Advisors LLC significantly reduced its stake in Roblox Corporation by 81.5%, selling 10,278 shares during the second quarter, leaving them with only 2,333 shares valued at $245,000.
• Multiple analysts have raised their price targets for Roblox stock, with BMO Capital Markets setting a new target of $160.00 and Wells Fargo adjusting theirs to $155.00.
• Roblox's stock performance shows fluctuation, currently trading around $126.77, having a one-year high of $150.59 and a low of $39.30, indicating volatility in the market.

Prime Capital Investment Advisors LLC cut its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 81.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,333 shares of the company's stock after selling 10,278 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Roblox were worth $245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. ORG Partners LLC bought a new position in Roblox during the second quarter worth $33,000. Larson Financial Group LLC boosted its stake in Roblox by 819.0% during 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 in the last quarter. Fifth Third Bancorp boosted its stake in Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after acquiring an additional 298 shares in the last quarter. Headlands Technologies LLC acquired a new position in Roblox during the first quarter worth $57,000. Finally, TD Private Client Wealth LLC acquired a new position in Roblox during the first quarter worth $58,000. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on RBLX shares. BMO Capital Markets upped their price objective on shares of Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, October 2nd. Wells Fargo & Company upped their price objective on shares of Roblox from $153.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Canaccord Genuity Group upped their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup upped their price objective on shares of Roblox from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.84.

Roblox Stock Performance

Shares of RBLX stock opened at $126.77 on Monday. The firm has a 50-day moving average of $128.96 and a 200-day moving average of $101.70. The company has a market cap of $81.77 billion, a P/E ratio of -88.65 and a beta of 1.63. 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 Corporation has a one year low of $39.30 and a one year high of $150.59.

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

Insider Buying and Selling

In related news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the transaction, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. This represents a 7.81% 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 link. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the transaction, the director owned 270,628 shares of the company's stock, valued at approximately $36,894,715.24. The trade was a 19.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,876 shares of company stock valued at $48,196,989 over the last 90 days. 12.92% of the stock is currently owned by company insiders.

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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