Roblox Corporation $RBLX Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its stake in Roblox Corporation (NYSE:RBLX) by 3.4%, now holding 146,791 shares valued at approximately $8.56 million.
• Institutional ownership of Roblox is high, with 94.46% of the stock owned by institutional investors and hedge funds, following significant activity in Q1.
• Roblox reported earnings of -$0.41 per share, missing the consensus estimate, but showed a year-over-year revenue increase of 50.5% to $1.44 billion.

Lansforsakringar Fondforvaltning AB publ reduced its position in Roblox Corporation (NYSE:RBLX - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,791 shares of the company's stock after selling 5,189 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Roblox were worth $8,556,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Roblox in the 1st quarter valued at about $70,254,000. Fox Run Management L.L.C. grew its position in Roblox by 56.5% in the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after acquiring an additional 4,390 shares in the last quarter. Long Corridor Asset Management Ltd acquired a new position in Roblox in the 1st quarter valued at about $4,372,000. Mirae Asset Global Investments Co. Ltd. grew its position in Roblox by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after acquiring an additional 4,760 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Roblox in the 1st quarter valued at about $890,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David Baszucki sold 875 shares of Roblox stock in a transaction 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 directly owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the sale, the director owned 279,868 shares in the company, valued at $36,206,523.16. This represents a 19.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,935,047 shares of company stock worth $478,661,185 over the last three months. Company insiders own 12.92% of the company's stock.

Roblox Stock Performance

Shares of Roblox stock opened at $124.68 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59. The firm's 50 day moving average is $117.56 and its two-hundred day moving average is $86.39. The firm has a market capitalization of $80.42 billion, a P/E ratio of -87.19 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company 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 company posted ($0.32) EPS. The company's quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the subject of several research reports. Roth Mkm lifted their target price on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $125.00 price objective (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. BTIG Research set a $131.00 price objective on Roblox and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Barclays boosted their price objective on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

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.

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.