Roblox Corporation $RBLX Shares Sold by Connors Investor Services Inc.

Key Points

• Connors Investor Services Inc. reduced its holdings in Roblox Corporation by 19.6% in Q2, now owning 75,600 shares valued at approximately $7.95 million.
• Roblox's recent earnings report showed a revenue increase of 50.5% year-over-year, though it missed EPS estimates with a reported loss of ($0.41) per share.
• Insiders, including director Anthony P. Lee, have sold a total of 366,876 shares worth about $47.49 million in the last 90 days.

Connors Investor Services Inc. decreased its position in Roblox Corporation (NYSE:RBLX - Free Report) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,600 shares of the company's stock after selling 18,400 shares during the quarter. Connors Investor Services Inc.'s holdings in Roblox were worth $7,953,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Yousif Capital Management LLC grew its position in shares of Roblox by 1.9% during the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock worth $729,000 after buying an additional 127 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Roblox by 21.4% during the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock worth $84,000 after buying an additional 141 shares in the last quarter. Independent Wealth Network Inc. grew its position in shares of Roblox by 3.9% during the second quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock worth $409,000 after buying an additional 146 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Roblox by 1.2% during the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after buying an additional 163 shares in the last quarter. Finally, Drive Wealth Management LLC grew its position in shares of Roblox by 4.1% during the second quarter. Drive Wealth Management LLC now owns 4,294 shares of the company's stock worth $452,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,876 shares of company stock worth $47,485,929. Insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Roblox to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Roth Capital reissued a "neutral" rating and set a $146.00 price target on shares of Roblox in a research report on Friday, October 17th. Cowen reissued a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Barclays raised their price objective on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Citigroup raised their price objective on Roblox from $152.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.22.

Roblox Price Performance

Shares of Roblox stock opened at $127.87 on Thursday. 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 moving average price is $129.48 and its two-hundred day moving average price is $105.21. Roblox Corporation has a 52 week low of $41.13 and a 52 week high of $150.59. The stock has a market cap of $82.48 billion, a PE ratio of -89.42 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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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