Roblox Corporation $RBLX Holdings Trimmed by Peterson Wealth Management

Key Points

• Peterson Wealth Management reduced its holdings in Roblox Corporation by 16.6% in Q1, owning 20,035 shares worth approximately $1.17 million after selling 4,000 shares.
• Roblox experienced significant insider selling, with insiders offloading over 1.99 million shares worth $210 million in the last three months.
• Analysts have increased their price targets for Roblox, with Citigroup raising its target from $123 to $152, reflecting a strong overall sentiment with a "Moderate Buy" consensus rating.

Peterson Wealth Management lowered its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,035 shares of the company's stock after selling 4,000 shares during the quarter. Peterson Wealth Management's holdings in Roblox were worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. boosted its position in shares of Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after purchasing an additional 163 shares during the period. Commerce Bank boosted its position in shares of Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after purchasing an additional 191 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Roblox by 6.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock valued at $194,000 after purchasing an additional 192 shares during the period. Ballentine Partners LLC boosted its position in shares of Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after purchasing an additional 198 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their position. The transaction was disclosed in a 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 that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,993,861 shares of company stock worth $210,622,673. Insiders own 12.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Citigroup increased their price target on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Benchmark increased their price target on Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Bank of America increased their price target on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research report on Monday. Needham & Company LLC increased their price objective on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets increased their price objective on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $123.16.

Roblox Stock Up 0.3%

Shares of RBLX stock opened at $133.18 on Friday. The stock's 50 day simple moving average is $122.30 and its 200 day simple moving average is $90.47. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The company has a market capitalization of $85.91 billion, a price-to-earnings ratio of -93.13 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results 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). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the business earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

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.

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