Roblox Corporation $RBLX Position Increased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its position in Roblox by 10.4%, owning over 1.4 million shares valued at approximately $81.9 million.
• Roblox's recent earnings report revealed a revenue of $1.44 billion for the quarter, a 50.5% increase year-over-year, despite missing EPS estimates.
• Roblox CEO David Baszucki sold nearly 455,000 shares in June, significantly reducing his ownership by 68.26%, as part of insider trading activities.

Acadian Asset Management LLC boosted its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,405,813 shares of the company's stock after acquiring an additional 132,051 shares during the quarter. Acadian Asset Management LLC owned approximately 0.22% of Roblox worth $81,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd raised its position in 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 acquiring an additional 240 shares in the last quarter. Larson Financial Group LLC grew its holdings in 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 purchasing an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new position in Roblox during the first quarter valued at approximately $57,000. Finally, TD Private Client Wealth LLC acquired a new position in Roblox during the first quarter valued at approximately $58,000. Institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on RBLX shares. Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and increased their price target for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Wolfe Research upgraded Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Friday, August 22nd. Citigroup increased their price target on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. BTIG Research raised their price objective on shares of Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Benchmark raised their price objective on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.16.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 454,963 shares of Roblox stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $21,284,950.99. This trade represents a 68.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,993,861 shares of company stock valued at $210,622,673. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Up 0.5%

RBLX opened at $132.38 on Wednesday. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week 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's fifty day moving average price is $121.09 and its two-hundred day moving average price is $89.67. The company has a market capitalization of $85.39 billion, a P/E ratio of -92.47 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates 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 business 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 firm earned ($0.32) EPS. The firm's quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current 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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