Roblox Corporation $RBLX Holdings Cut by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. significantly reduced its stake in Roblox Corporation, cutting its holdings by 61.7% during the first quarter, leaving the fund with 37,522 shares valued at approximately $2.19 million.
• Several other investors have also altered their positions, with Gordian Capital increasing its holdings by 74.8% and Larson Financial Group boosting its stake by an astonishing 819.0% in the same period.
• Market analysts remain divided on Roblox, with a mix of "buy", "hold", and "sell" ratings, reflecting a consensus price target of approximately $119.00.

Graham Capital Management L.P. lowered its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 61.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,522 shares of the company's stock after selling 60,572 shares during the period. Graham Capital Management L.P.'s holdings in Roblox were worth $2,187,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Roblox by 819.0% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC bought a new stake in shares of Roblox during the fourth quarter valued at approximately $41,000. Finally, Headlands Technologies LLC bought a new stake in shares of Roblox during the first quarter valued at approximately $57,000. Institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RBLX shares. Cowen reaffirmed a "sell" rating on shares of Roblox in a report on Monday, August 18th. Oppenheimer reaffirmed an "outperform" rating and set a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Raymond James Financial cut Roblox from a "strong-buy" rating to an "outperform" rating and lifted their price target for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group raised their price objective on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $119.00.

Roblox Price Performance

NYSE RBLX opened at $124.68 on Tuesday. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. 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 capitalization of $80.42 billion, a PE ratio of -87.19 and a beta of 1.62. The company's 50 day simple moving average is $117.98 and its 200 day simple moving average is $87.09.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) 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 analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned ($0.32) EPS. Roblox's revenue 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. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the sale, the insider directly owned 301,223 shares of the company's stock, valued at $40,264,478.41. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,854,931 shares of company stock worth $383,522,881. 12.92% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.