Robeco Institutional Asset Management B.V. Boosts Stake in Roblox Corporation $RBLX

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Roblox Corporation by 47.2%, owning 847,544 shares worth approximately $89.2 million as of the latest SEC filing.
• Several research firms have significantly boosted their price targets for Roblox, with estimates ranging from $125.00 to $180.00, reflecting a positive outlook on the company's growth potential.
• Insiders have sold a substantial amount of stock recently, with total insider sales reaching 366,876 shares valued at over $47 million, indicating potential shifts in confidence among company executives.

Robeco Institutional Asset Management B.V. raised its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 47.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 847,544 shares of the company's stock after purchasing an additional 271,910 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Roblox worth $89,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. ORG Partners LLC purchased a new stake in Roblox in the second quarter valued at $33,000. Larson Financial Group LLC raised 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 purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox in the first quarter valued at $39,000. Fifth Third Bancorp raised 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 purchasing an additional 298 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Roblox in the first quarter valued at $57,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on RBLX. Needham & Company LLC boosted their price objective on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 1st. Piper Sandler boosted their price objective on Roblox to $180.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Oppenheimer reiterated an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Roblox from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Finally, Morgan Stanley boosted their price objective on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.64.

Insiders Place Their Bets

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the transaction, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total value of $819,300.00. Following the transaction, the insider directly owned 278,642 shares of the company's stock, valued at approximately $38,048,565.10. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,876 shares of company stock valued at $47,386,869. 12.92% of the stock is owned by insiders.

Roblox Price Performance

Shares of NYSE RBLX opened at $133.44 on Friday. The stock's 50-day moving average is $128.81 and its two-hundred day moving average is $98.39. 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 1-year low of $37.50 and a 1-year high of $150.59. The company has a market cap of $86.07 billion, a price-to-earnings ratio of -93.31 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly 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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the company earned ($0.32) EPS. Roblox'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. Analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.

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