Roblox Corporation $RBLX Shares Sold by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC has reduced its stake in Roblox Corporation by 12.0%, now owning 30,356 shares valued at approximately $3.19 million after selling 4,144 shares in the second quarter.
• Roblox's stock recently rose 3.0% and has a market capitalization of $88.59 billion, with a fifty-two week range of $37.50 to $150.59.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding analyst estimates, but posted an earnings per share of ($0.41), missing expectations by $0.04.

Krilogy Financial LLC decreased its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,356 shares of the company's stock after selling 4,144 shares during the period. Krilogy Financial LLC's holdings in Roblox were worth $3,193,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RBLX. Nuveen LLC acquired a new position in shares of Roblox in the first quarter valued at approximately $70,254,000. Fox Run Management L.L.C. increased its holdings in shares of Roblox by 56.5% in the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after purchasing an additional 4,390 shares during the period. Long Corridor Asset Management Ltd acquired a new position in shares of Roblox in the first quarter valued at approximately $4,372,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after purchasing an additional 4,760 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Roblox in the first quarter valued at approximately $890,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Up 3.0%

Roblox stock opened at $137.34 on Tuesday. 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 has a market capitalization of $88.59 billion, a price-to-earnings ratio of -96.04 and a beta of 1.62. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The stock's fifty day moving average is $123.49 and its two-hundred day moving average is $91.93.

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

Insider Buying and Selling

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.20, for a total value of $805,200.00. Following the sale, the insider owned 275,015 shares of the company's stock, valued at approximately $36,907,013. This represents a 2.14% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction 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 in the company, valued at $33,783,939.52. This trade represents a 19.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 828,938 shares of company stock valued at $93,618,526 in the last three months. 12.92% of the stock is owned by insiders.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent research reports. BTIG Research boosted their target price on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Bank of America boosted their target price on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a report on Monday, September 8th. Piper Sandler boosted their target price on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wells Fargo & Company upped their price objective on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $123.16.

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.

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