Private Trust Co. NA Purchases 2,278 Shares of Roblox Corporation $RBLX

Key Points

• Private Trust Co. NA increased its stake in Roblox Corporation by 22,780% during Q2, now holding 2,288 shares valued at approximately $241,000.
• Roblox reported a revenue of $1.44 billion for its last quarter, surpassing expectations, but posted a loss of ($0.41) EPS.
• Wall Street analysts have given Roblox an average rating of "Moderate Buy" with target prices ranging from $120.00 to $171.00 per share.

Private Trust Co. NA boosted its position in Roblox Corporation (NYSE:RBLX - Free Report) by 22,780.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,288 shares of the company's stock after purchasing an additional 2,278 shares during the quarter. Private Trust Co. NA's holdings in Roblox were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RBLX. ORG Partners LLC bought a new stake in Roblox in the 2nd quarter valued at $33,000. Larson Financial Group LLC lifted its position in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the period. Generali Asset Management SPA SGR bought a new stake in shares of Roblox during the 2nd quarter valued at $40,000. Kiker Wealth Management LLC lifted its position in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock valued at $43,000 after acquiring an additional 397 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after acquiring an additional 298 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of RBLX stock opened at $134.87 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a twelve month low of $39.46 and a twelve month high of $150.59. The company has a market cap of $86.99 billion, a P/E ratio of -94.31 and a beta of 1.63. The business has a fifty day simple moving average of $129.38 and a 200 day simple moving average of $104.86.

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

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of recent analyst reports. Morgan Stanley set a $170.00 target price on Roblox and gave the company an "overweight" rating in a research report on Monday, October 13th. Bank of America upped their target price on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Barclays upped their target price on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wedbush restated an "outperform" rating and set a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. Finally, Raymond James Financial restated an "outperform" rating and set a $165.00 price objective (up from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $129.22.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 111,112 shares of the 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 have sold a total of 366,876 shares of company stock valued at $47,485,929 over the last three months. Company insiders own 12.92% of the company's stock.

Roblox Company 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.

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