Quantbot Technologies LP Reduces Holdings in Roblox Corporation $RBLX

Key Points

• Quantbot Technologies LP reduced its stake in Roblox Corporation by 17.7%, owning 138,700 shares worth approximately $8.09 million after selling 29,844 shares in the first quarter.
• Insider selling was significant, with CEO David Baszucki selling 687,500 shares for over $60 million, resulting in a 76.47% decrease in his position, as insiders sold over 5 million shares worth nearly $493 million in the last quarter.
• Roblox posted a quarterly revenue of $1.44 billion, surpassing estimates, but reported an EPS loss of ($0.41), missing analysts' expectations, with a consensus target price of $117.59 from analysts.

Quantbot Technologies LP lowered its position in Roblox Corporation (NYSE:RBLX - Free Report) by 17.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,700 shares of the company's stock after selling 29,844 shares during the period. Quantbot Technologies LP's holdings in Roblox were worth $8,085,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares during the period. Two Sigma Advisers LP raised its position in shares of Roblox by 23.7% in the fourth quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock worth $419,867,000 after acquiring an additional 1,391,800 shares during the period. Whale Rock Capital Management LLC raised its position in shares of Roblox by 95.8% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after acquiring an additional 2,326,588 shares during the period. Two Sigma Investments LP raised its position in shares of Roblox by 25.7% in the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock worth $261,219,000 after acquiring an additional 921,822 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Roblox by 24.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company's stock worth $252,501,000 after acquiring an additional 871,027 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the sale, the insider owned 301,223 shares of the company's stock, valued at approximately $40,264,478.41. This represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the sale, the director directly owned 279,868 shares of the company's stock, valued at approximately $36,206,523.16. This represents a 19.08% 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 in the last 90 days. 12.92% of the stock is currently owned by insiders.

Roblox Price Performance

NYSE RBLX traded up $0.5150 during trading hours on Wednesday, hitting $118.7950. 14,162,727 shares of the company's stock traded hands, compared to its average volume of 9,859,443. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The company has a market capitalization of $76.63 billion, a PE ratio of -83.07 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. The firm's 50-day moving average is $114.44 and its 200-day moving average is $83.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the company posted ($0.32) EPS. The firm'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. Equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Needham & Company LLC upped their price target on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BTIG Research set a $131.00 price target on shares of Roblox and gave the stock a "buy" rating in a research report on Monday, July 28th. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and upped their price target for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Finally, Bank of America upped their price target on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.59.

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.