Roblox Corporation $RBLX Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in Roblox Corporation by 15.3%, selling 3,084 shares and holding 17,113 shares valued at $998,000.
• Roblox's recent quarterly earnings showed a 50.5% year-over-year revenue increase to $1.44 billion, although it reported an EPS of ($0.41), missing analysts' expectations.
• Institutional investors now own 94.46% of Roblox's stock, with significant buy activity from firms like Dimensional Fund Advisors and MetLife Investment Management.

HighTower Advisors LLC trimmed its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 15.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,113 shares of the company's stock after selling 3,084 shares during the period. HighTower Advisors LLC's holdings in Roblox were worth $998,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Roblox by 23.7% in the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock worth $419,867,000 after buying an additional 1,391,800 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in Roblox by 95.8% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after buying an additional 2,326,588 shares during the last quarter. Two Sigma Investments LP boosted its stake in Roblox by 25.7% in the 4th quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock worth $261,219,000 after buying an additional 921,822 shares during the last quarter. Finally, Durable Capital Partners LP acquired a new stake in Roblox in the 4th quarter worth about $246,560,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 687,500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the completion of the transaction, the chief executive officer owned 211,559 shares in the company, valued at $18,610,845.23. The trade was a 76.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 4,935,047 shares of company stock worth $478,661,185. Insiders own 12.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on RBLX. Canaccord Genuity Group raised their price target on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Benchmark raised their price objective on Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group raised their price objective on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Oppenheimer restated an "outperform" rating and issued a $125.00 price objective (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Finally, BMO Capital Markets raised their price objective on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average price target of $119.00.

Roblox Price Performance

RBLX stock traded down $2.20 during midday trading on Friday, hitting $124.68. 5,445,299 shares of the company's stock were exchanged, compared to its average volume of 9,673,137. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The firm has a 50 day moving average price of $117.11 and a 200-day moving average price of $85.99.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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). 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter 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. Analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Roblox 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.