QTR Family Wealth LLC Takes Position in Roblox Corporation $RBLX

Key Points

• QTR Family Wealth LLC has acquired a new stake in Roblox Corporation during the second quarter, purchasing 4,335 shares valued at approximately $456,000.
• Roblox's revenue for the last quarter reached $1.44 billion, exceeding analysts' expectations, but the company reported a loss of ($0.41) EPS, which missed the consensus estimate.
• Twenty research analysts currently rate Roblox with a "Moderate Buy" consensus; recent price targets from analysts range as high as $170.00.

QTR Family Wealth LLC bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,335 shares of the company's stock, valued at approximately $456,000.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new position in shares of Roblox during the second quarter worth approximately $33,000. Larson Financial Group LLC boosted its position in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox in the first quarter valued at approximately $39,000. Fifth Third Bancorp boosted its position in Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after buying an additional 298 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Roblox during the first quarter worth $57,000. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the transaction, the director owned 275,248 shares of the company's stock, valued at approximately $33,783,939.52. This trade represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of Roblox 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 transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 306,876 shares of company stock worth $39,004,569 in the last 90 days. Insiders own 12.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer reissued an "outperform" rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Wall Street Zen upgraded shares of Roblox from a "sell" rating to a "hold" rating in a report on Friday, September 26th. 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. Finally, Morgan Stanley boosted their price target on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $126.24.

Roblox Trading Down 1.9%

Shares of RBLX opened at $138.87 on Wednesday. The stock has a market capitalization of $89.57 billion, a P/E ratio of -97.11 and a beta of 1.62. 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 fifty day simple moving average of $128.19 and a two-hundred day simple moving average of $97.61. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted 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 company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

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.

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