Roblox Corporation $RBLX Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Roblox Corporation by 42.7%, selling 477,779 shares and now holding 641,164 shares valued at $64.5 million.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding estimates, despite a loss of ($0.41) EPS and a negative return on equity of 372.96%.
• Analysts have mixed views on Roblox, with Barclays raising its target price to $120 while Wall Street Zen downgraded it to a "sell" rating, indicating cautious sentiment around the stock.

Allspring Global Investments Holdings LLC lessened its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 42.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 641,164 shares of the company's stock after selling 477,779 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Roblox worth $64,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RBLX. GAMMA Investing LLC grew its stake in Roblox by 89.5% during the 1st quarter. GAMMA Investing LLC now owns 2,274 shares of the company's stock valued at $133,000 after purchasing an additional 1,074 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Roblox by 138.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 139,086 shares of the company's stock valued at $8,107,000 after purchasing an additional 80,804 shares in the last quarter. Brighton Jones LLC acquired a new stake in Roblox during the 1st quarter valued at approximately $283,000. Janney Montgomery Scott LLC grew its stake in Roblox by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,234 shares of the company's stock valued at $1,529,000 after purchasing an additional 727 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in Roblox by 130.2% during the 1st quarter. QRG Capital Management Inc. now owns 41,942 shares of the company's stock valued at $2,445,000 after purchasing an additional 23,721 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Trading Up 4.0%

Shares of NYSE RBLX opened at $133.42 on Wednesday. The company has a market cap of $86.06 billion, a price-to-earnings ratio of -93.30 and a beta of 1.63. Roblox Corporation has a 12-month low of $39.30 and a 12-month high of $150.59. 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 stock's 50 day simple moving average is $129.04 and its 200 day simple moving average is $102.40.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during 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 company's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RBLX shares. Barclays lifted their target price on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen lowered Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Roblox in a research report on Wednesday, October 8th. Bank of America lifted their target price on Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Finally, Piper Sandler lifted their target price on Roblox to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Twenty equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $128.31.

Insiders Place Their Bets

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares of the company's stock, valued at $36,812,122.84. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,876 shares of company stock worth $48,196,989. 12.92% of the stock is currently owned by insiders.

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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