Focus Partners Wealth Acquires 16,725 Shares of Roblox Corporation $RBLX

Key Points

• Focus Partners Wealth increased its stake in Roblox Corporation (RBLX) by 88.9%, owning 35,547 shares valued at $2.07 million after purchasing an additional 16,725 shares.
• Roblox has received several upgrades from analysts, with Wolfe Research raising its rating to "outperform" and setting a price target of $150, while the average price target among analysts is $123.16.
• Roblox reported a revenue of $1.44 billion for its last quarter, surpassing analyst estimates, despite reporting an EPS loss of ($0.41), missing expectations by ($0.04).

Focus Partners Wealth boosted its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 88.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,547 shares of the company's stock after purchasing an additional 16,725 shares during the period. Focus Partners Wealth's holdings in Roblox were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Roblox by 74.8% in 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 last quarter. Larson Financial Group LLC raised its position in Roblox by 819.0% during the first 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 last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox in the first quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new position in Roblox during the first quarter worth approximately $57,000. Finally, TD Private Client Wealth LLC acquired a new position in Roblox during the 1st quarter worth $58,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

Shares of RBLX traded down $0.30 during trading hours on Friday, hitting $135.24. The company had a trading volume of 16,746,329 shares, compared to its average volume of 7,281,631. The firm has a market cap of $87.23 billion, a price-to-earnings ratio of -94.57 and a beta of 1.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The business has a fifty day moving average of $125.89 and a 200-day moving average of $93.53.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data 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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the firm earned ($0.32) earnings per share. 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. Equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity

In other news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the completion of the sale, the director directly owned 275,248 shares of the company's stock, valued at approximately $33,783,939.52. This represents a 19.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 822,938 shares of company stock worth $92,998,426 over the last ninety days. 12.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Canaccord Genuity Group boosted their price target on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC increased their price target on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective on the stock in a research report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. boosted their price target on Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.16.

Roblox Company 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.