Roblox Corporation $RBLX Shares Purchased by OMNI 360 Wealth Inc.

Key Points

• OMNI 360 Wealth Inc. has increased its stake in Roblox Corporation by 69.9% during the second quarter, now owning 8,059 shares valued at approximately $848,000.
• Insider sales included CEO David Baszucki selling 875 shares for around $110,880, while Director Anthony P. Lee sold 66,000 shares totaling about $8.1 million.
• Roblox's stock has been rated with a consensus of "Moderate Buy", with analysts recently raising price targets to as high as $173.00.

OMNI 360 Wealth Inc. increased its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 69.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,059 shares of the company's stock after acquiring an additional 3,315 shares during the period. OMNI 360 Wealth Inc.'s holdings in Roblox were worth $848,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. RDA Financial Network purchased a new position in Roblox in the 2nd quarter valued at about $327,000. AG2R LA Mondiale Gestion D Actifs purchased a new position in Roblox in the 1st quarter valued at about $1,088,000. Strs Ohio purchased a new position in Roblox in the 1st quarter valued at about $836,000. Acadian Asset Management LLC lifted its stake in Roblox by 10.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,405,813 shares of the company's stock valued at $81,921,000 after buying an additional 132,051 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in Roblox by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 86,755 shares of the company's stock valued at $5,057,000 after buying an additional 817 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David Baszucki sold 875 shares of Roblox stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $26,808,756.48. The trade was a 0.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total transaction of $8,100,840.00. Following the sale, the director directly owned 275,248 shares in the company, valued at approximately $33,783,939.52. The trade was a 19.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,993,861 shares of company stock worth $210,622,673. 12.92% of the stock is owned by company insiders.

Roblox Stock Up 0.3%

RBLX stock opened at $133.42 on Friday. The firm has a market cap of $86.06 billion, a PE ratio of -93.30 and a beta of 1.62. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The firm's 50 day moving average price is $122.89 and its 200-day moving average price is $91.19. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research reports. BTIG Research raised their price target on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Wells Fargo & Company raised their price target on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their target price for the stock from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Arete Research set a $116.00 target price on shares of Roblox in a research note on Tuesday. Finally, Morgan Stanley raised their target price on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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