Roblox Corporation $RBLX Shares Sold by Smith Group Asset Management LLC

Key Points

• Smith Group Asset Management LLC has decreased its stake in Roblox Corporation by 26.2%, owning 47,320 shares valued at approximately $4.98 million as of their latest SEC filing.
• Insider selling has been significant, with Matthew D. Kaufman selling 6,000 shares worth $819,300 and Anthony P. Lee selling over 111,000 shares valued at approximately $14.56 million.
• Analysts have mixed ratings on Roblox shares, with Piper Sandler raising its target price to $180.00 while the consensus target price across analysts is currently $129.22.

Smith Group Asset Management LLC decreased its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,320 shares of the company's stock after selling 16,810 shares during the quarter. Smith Group Asset Management LLC's holdings in Roblox were worth $4,978,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC bought a new stake in shares of Roblox during the second quarter valued at about $33,000. Larson Financial Group LLC raised its stake in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Roblox during the second quarter valued at about $40,000. Kiker Wealth Management LLC raised its stake in shares of Roblox by 2,646.7% during the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock valued at $43,000 after purchasing an additional 397 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after purchasing an additional 298 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total value of $819,300.00. Following the transaction, the insider owned 278,642 shares in the company, valued at $38,048,565.10. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 111,112 shares of the company's 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. Insiders have sold 366,876 shares of company stock worth $47,485,929 over the last quarter. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

RBLX has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on shares of Roblox to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Arete Research set a $116.00 price target on shares of Roblox in a report on Tuesday, September 9th. Roth Capital reiterated a "neutral" rating and issued a $146.00 target price on shares of Roblox in a report on Friday, October 17th. BMO Capital Markets raised their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, October 2nd. Finally, Canaccord Genuity Group upped their price target on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.22.

Roblox Price Performance

Shares of RBLX opened at $129.37 on Friday. The company has a market capitalization of $83.45 billion, a price-to-earnings ratio of -90.47 and a beta of 1.63. Roblox Corporation has a fifty-two week low of $41.17 and a fifty-two week high of $150.59. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The business's 50-day moving average is $129.56 and its 200-day moving average is $105.74.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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 business 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%. Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($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 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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