Roblox Corporation $RBLX Stock Position Decreased by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC significantly decreased its holdings in Roblox Corporation by 93.4% during Q2, owning only 553 shares after selling 7,816 shares.
• Roblox's recent earnings report showed a revenue of $1.44 billion for the quarter, outperforming analyst estimates of $1.20 billion, despite missing EPS expectations.
• Insiders have sold a combined total of 366,876 shares worth nearly $47.5 million over the past three months, representing a notable trading activity within the company.

Interchange Capital Partners LLC cut its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 93.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553 shares of the company's stock after selling 7,816 shares during the period. Interchange Capital Partners LLC's holdings in Roblox were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Roblox during the 2nd quarter worth about $33,000. Larson Financial Group LLC raised its stake in shares of Roblox by 819.0% during 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 in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox during the 2nd quarter worth about $40,000. Kiker Wealth Management LLC raised its stake in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock worth $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 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after purchasing an additional 298 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's 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 $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,876 shares of company stock worth $47,485,929. Insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RBLX. JPMorgan Chase & Co. raised their price target on Roblox from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Oppenheimer reissued an "outperform" rating and set a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Cowen reissued a "sell" rating on shares of Roblox in a report on Monday, August 18th. Canaccord Genuity Group increased their price objective on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Raymond James Financial reissued an "outperform" rating and set a $165.00 price objective (up previously from $155.00) on shares of Roblox in a report on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.31.

Roblox Stock Performance

RBLX opened at $138.45 on Thursday. The firm has a market capitalization of $89.31 billion, a P/E ratio of -96.82 and a beta of 1.63. The stock's 50 day moving average price is $129.13 and its two-hundred day moving average price is $102.65. 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 12-month low of $39.30 and a 12-month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) 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%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the business earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current 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.

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.