Russell Investments Group Ltd. Sells 226,445 Shares of Roblox Corporation $RBLX

Key Points

• Russell Investments Group Ltd. reduced its stake in Roblox by 38.0%, selling 226,445 shares and leaving them with 369,041 shares valued at approximately $21.58 million.
• CEO David Baszucki sold 687,500 shares for around $60.48 million, representing a 76.47% decrease in his total holdings.
• Roblox reported a 50.5% increase in revenue year-over-year, with earnings of ($0.41) EPS, missing analysts' expectations by ($0.04).

Russell Investments Group Ltd. lessened its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 38.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 369,041 shares of the company's stock after selling 226,445 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Roblox worth $21,575,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RBLX. Raymond James Financial Inc. acquired a new stake in shares of Roblox during the fourth quarter worth $24,217,000. Mariner LLC grew its holdings in Roblox by 20.7% during the 4th quarter. Mariner LLC now owns 79,251 shares of the company's stock worth $4,586,000 after acquiring an additional 13,571 shares during the period. United Capital Financial Advisors LLC bought a new position in shares of Roblox in the 4th quarter worth about $201,000. NewEdge Advisors LLC lifted its stake in shares of Roblox by 8.5% in the 4th quarter. NewEdge Advisors LLC now owns 10,005 shares of the company's stock valued at $579,000 after purchasing an additional 781 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Roblox by 418.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 919,906 shares of the company's stock valued at $53,226,000 after purchasing an additional 742,572 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RBLX shares. Morgan Stanley lifted their target price on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Barclays boosted their target price on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Benchmark raised their price target on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Wedbush upped their price objective on shares of Roblox from $142.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.59.

Roblox Stock Up 0.4%

Shares of RBLX traded up $0.5150 on Wednesday, reaching $118.7950. The company's stock had a trading volume of 14,161,388 shares, compared to its average volume of 8,859,289. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The stock has a market capitalization of $76.63 billion, a PE ratio of -83.07 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a fifty day moving average of $113.99 and a 200-day moving average of $83.58.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 687,500 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $92.26, for a total transaction of $63,428,750.00. Following the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $19,518,433.34. The trade was a 76.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 4,980,441 shares of company stock worth $481,547,299 over the last 90 days. 12.92% of the stock is owned by company insiders.

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.