8,630 Shares in Roblox Corporation $RBLX Acquired by Retirement Planning Co of New England Inc.

Key Points

• Retirement Planning Co of New England Inc. has acquired a new position in Roblox Corporation, purchasing 8,630 shares valued at approximately $503,000 during the 1st quarter.
• Insider trading activity includes a significant sale by CEO David Baszucki, who sold 687,500 shares for over $63 million, representing a 76.47% decrease in his holdings.
• Analysts have varied ratings for Roblox, with a consensus rating of “Moderate Buy” and target prices ranging from $119 to $170 among different firms.

Retirement Planning Co of New England Inc. purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,630 shares of the company's stock, valued at approximately $503,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the period. Durable Capital Partners LP purchased a new position in Roblox during the 4th quarter worth approximately $246,560,000. Ninety One UK Ltd purchased a new position in Roblox during the 1st quarter worth approximately $137,379,000. Whale Rock Capital Management LLC raised its position in Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after buying an additional 2,326,588 shares during the last quarter. Finally, Ieq Capital LLC raised its position in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after buying an additional 2,297,350 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

NYSE:RBLX traded up $5.03 during trading hours on Wednesday, reaching $133.50. The company had a trading volume of 10,658,145 shares, compared to its average volume of 8,517,030. 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 has a market cap of $86.11 billion, a PE ratio of -93.36 and a beta of 1.62. The business's 50 day moving average price is $119.06 and its 200-day moving average price is $87.70. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results 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 analyst estimates 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 quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. BMO Capital Markets raised their price target on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Bank of America raised 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. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their price target for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Twenty investment 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. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average target price of $119.00.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 687,500 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $92.26, for a total transaction of $63,428,750.00. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $19,518,433.34. This represents a 76.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Reinstra sold 150,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the transaction, the insider directly owned 389,489 shares of the company's stock, valued at approximately $38,851,527.75. The trade was a 27.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,854,931 shares of company stock valued at $383,522,881. Corporate insiders own 12.92% of the company's stock.

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.