Voya Investment Management LLC Sells 871,945 Shares of Roblox Corporation $RBLX

Key Points

• Voya Investment Management LLC reduced its holdings in Roblox Corporation by 37.4%, now owning approximately 0.22% of the company, valued at around $84.9 million.
• Roblox's stock received multiple analyst upgrades, with price targets increased by firms such as BMO Capital Markets and Morgan Stanley, resulting in a consensus target price of $123.16.
• Roblox reported a revenue increase of 50.5% year-over-year, totaling $1.44 billion, but missed earnings expectations with a reported EPS of ($0.41).

Voya Investment Management LLC lessened its position in Roblox Corporation (NYSE:RBLX - Free Report) by 37.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,459,230 shares of the company's stock after selling 871,945 shares during the period. Voya Investment Management LLC owned 0.22% of Roblox worth $84,949,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd grew its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox in the 1st quarter worth about $39,000. Headlands Technologies LLC purchased a new stake in shares of Roblox in the 1st quarter worth about $57,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Roblox in the 1st quarter worth about $58,000. Institutional investors own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.20, for a total transaction of $805,200.00. Following the completion of the sale, the insider owned 275,015 shares of the company's stock, valued at $36,907,013. This represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,457,612 shares of company stock valued at $156,869,417. Company insiders own 12.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBLX. Wedbush reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Roblox in a research report on Thursday, September 4th. Benchmark raised their target price on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley raised their target price on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup lifted their price target on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.16.

Roblox Stock Up 3.0%

Roblox stock traded up $4.03 during trading hours on Monday, hitting $137.34. The stock had a trading volume of 7,533,045 shares, compared to its average volume of 8,190,025. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $88.59 billion, a P/E ratio of -96.04 and a beta of 1.62. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The stock's 50-day moving average price is $123.49 and its 200-day moving average price is $91.93.

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). The firm 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 firm's quarterly revenue was up 50.5% on a year-over-year basis. During the same period last year, the firm posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox Company 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.