Roblox Corporation $RBLX Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its holdings in Roblox Corporation by 20.1%, bringing its total to 46,332 shares worth approximately $4.86 million at the end of the quarter.
• Roblox has received multiple positive analyst ratings, with a consensus rating of "Moderate Buy" and a target price averaging $129.22.
• Insider selling has occurred, with a director selling 66,000 shares for nearly $9 million, which represented a 19.61% decrease in their shareholding.

Nordea Investment Management AB boosted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,332 shares of the company's stock after acquiring an additional 7,756 shares during the quarter. Nordea Investment Management AB's holdings in Roblox were worth $4,862,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RBLX. ORG Partners LLC acquired a new stake in Roblox in the 2nd quarter valued at approximately $33,000. Larson Financial Group LLC increased its position in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Roblox in the 2nd quarter valued at approximately $40,000. Kiker Wealth Management LLC increased its position in Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock valued at $43,000 after acquiring an additional 397 shares during the period. Finally, Fifth Third Bancorp increased its position in Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after acquiring an additional 298 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBLX has been the subject of a number of research reports. Roth Capital reaffirmed a "neutral" rating and set a $146.00 price target on shares of Roblox in a research note on Friday. Morgan Stanley set a $170.00 price target on Roblox and gave the company an "overweight" rating in a research note on Monday, October 13th. BTIG Research increased their price target on Roblox from $173.00 to $180.00 and gave the company a "buy" rating in a research note on Thursday, October 16th. Barclays increased their price target on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Needham & Company LLC increased their price target on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.22.

Roblox Stock Performance

RBLX opened at $133.18 on Wednesday. The firm has a market cap of $85.91 billion, a PE ratio of -93.13 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The business has a fifty day simple moving average of $129.46 and a 200-day simple moving average of $105.05. Roblox Corporation has a fifty-two week low of $40.57 and a fifty-two week high of $150.59.

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

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the completion of the sale, the director directly owned 270,628 shares of the company's stock, valued at $36,894,715.24. This trade represents a 19.61% 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 366,876 shares of company stock worth $47,485,929. 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.

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