Rafferty Asset Management LLC Sells 7,784 Shares of Roblox Corporation $RBLX

Key Points

• Rafferty Asset Management LLC has reduced its holdings in Roblox Corporation by 26.2%, selling 7,784 shares and now owning a total of 21,939 shares, valued at approximately $1.28 million.
• Insider trading activity saw Arvind Chakravarthy selling 20,552 shares for nearly $2.42 million, resulting in a 7.81% decrease in his ownership stake in the company.
• Roblox Corporation's stock has garnered attention from analysts, with multiple firms raising their price targets, including Morgan Stanley, which increased its target from $76.00 to $170.00.

Rafferty Asset Management LLC lowered its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 26.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,939 shares of the company's stock after selling 7,784 shares during the period. Rafferty Asset Management LLC's holdings in Roblox were worth $1,279,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Roblox during the first quarter worth approximately $70,254,000. Fox Run Management L.L.C. grew its stake in Roblox by 56.5% in the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after acquiring an additional 4,390 shares during the period. Long Corridor Asset Management Ltd acquired a new stake in Roblox in the first quarter valued at approximately $4,372,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after acquiring an additional 4,760 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Roblox in the first quarter valued at approximately $890,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 111,112 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 627,453 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.04, for a total value of $60,260,586.12. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $20,318,126.36. This trade represents a 74.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,848,933 shares of company stock worth $290,748,425. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of RBLX traded down $3.50 during mid-day trading on Thursday, hitting $129.96. The stock had a trading volume of 8,028,744 shares, compared to its average volume of 8,850,450. The firm has a market cap of $83.83 billion, a P/E ratio of -90.88 and a beta of 1.62. The business has a fifty day moving average price of $119.06 and a 200-day moving average price of $87.70. 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 52 week low of $37.50 and a 52 week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

RBLX has been the subject of a number of research reports. Piper Sandler raised their price objective on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Bank of America raised their price objective on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Needham & Company LLC raised their price objective on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Canaccord Genuity Group lifted their target price on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and an average price target of $119.00.

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.