Allstate Corp Purchases 3,572 Shares of Roblox Corporation $RBLX

Key Points

• Allstate Corp increased its stake in Roblox Corporation by 25.1%, now owning 17,786 shares worth approximately $1,037,000.
• Roblox reported a revenue of $1.44 billion for the quarter, exceeding estimates, but had a loss of ($0.41) EPS, missing analysts' expectations.
• Wall Street analysts have varying ratings for Roblox, with twenty recommending a Buy and a consensus price target of $119.00.

Allstate Corp grew its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 25.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,786 shares of the company's stock after acquiring an additional 3,572 shares during the period. Allstate Corp's holdings in Roblox were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd grew its holdings in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares during the period. Larson Financial Group LLC grew its holdings in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox during the 1st quarter worth about $39,000. Colonial Trust Co SC acquired a new stake in Roblox during the 4th quarter worth about $41,000. Finally, Headlands Technologies LLC acquired a new stake in Roblox during the 1st quarter worth about $57,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 687,500 shares of Roblox stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $18,610,845.23. This trade represents a 76.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 4,935,047 shares of company stock worth $478,661,185. 12.92% of the stock is owned by company insiders.

Roblox Stock Down 1.3%

NYSE RBLX traded down $1.62 during trading hours on Wednesday, hitting $123.15. The company's stock had a trading volume of 6,745,877 shares, compared to its average volume of 10,814,158. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59. The company has a market capitalization of $79.43 billion, a PE ratio of -86.11 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company's 50-day simple moving average is $116.62 and its two-hundred day simple moving average is $85.56.

Roblox (NYSE:RBLX - Get Free Report) last announced 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 net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted ($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. Research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. BMO Capital Markets increased their price objective on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Barclays increased their price objective on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. 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 stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $119.00.

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.