Prudential PLC Boosts Holdings in Roblox Corporation $RBLX

Key Points

• Prudential PLC increased its ownership in Roblox Corporation by 104.2% during the first quarter, acquiring an additional 4,999 shares to total 9,796 shares, valued at approximately $571,000.
• Roblox reported a quarterly loss of ($0.41) EPS, falling short of analysts' expectations, despite a revenue increase of 50.5% year-over-year, totaling $1.44 billion.
• Analysts set optimistic price targets for Roblox shares, with some raising their estimates to as high as $170.00, while the company holds a consensus rating of "Moderate Buy" based on overall market sentiment.

Prudential PLC boosted its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 104.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,796 shares of the company's stock after purchasing an additional 4,999 shares during the period. Prudential PLC's holdings in Roblox were worth $571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd lifted its stake in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC raised 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 buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the first quarter worth $39,000. Colonial Trust Co SC bought a new position in Roblox during the fourth quarter worth $41,000. Finally, Headlands Technologies LLC bought a new position in Roblox during the first quarter worth $57,000. Institutional investors own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 875 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the completion of the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at $26,808,756.48. This represents a 0.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $133.67, for a total transaction of $802,020.00. Following the sale, the insider directly owned 301,223 shares of the company's stock, valued at $40,264,478.41. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,980,441 shares of company stock worth $481,547,299 over the last 90 days. Company insiders own 12.92% of the company's stock.

Roblox Price Performance

Roblox stock traded up $0.2780 during midday trading on Wednesday, reaching $118.5580. 8,439,072 shares of the stock were exchanged, compared to its average volume of 8,819,320. The company's fifty day moving average is $113.99 and its 200-day moving average is $83.58. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $76.47 billion, a PE ratio of -82.87 and a beta of 1.63. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted its 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company posted ($0.32) EPS. The business's revenue was up 50.5% on a year-over-year basis. 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 year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BTIG Research set a $131.00 price target on shares of Roblox and gave the stock a "buy" rating in a report on Monday, July 28th. Bank of America boosted their price target on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Canaccord Genuity Group boosted their price target on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays boosted their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Piper Sandler boosted their price target on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.59.

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.