Sciencast Management LP Lowers Position in Roblox Corporation $RBLX

Key Points

• Sciencast Management LP has reduced its stake in Roblox Corporation (NYSE:RBLX) by 26.1%, owning 27,327 shares valued at approximately $1.59 million after selling 9,658 shares in the first quarter.
• Institutional interest in Roblox remains strong, with AQR Capital Management increasing its holdings by 217.4% and Vanguard Group lifting theirs by 8.3% in the same period.
• Roblox reported a negative earnings per share of ($0.41), falling short of analysts' expectations, despite a revenue increase of 50.5% year-over-year to $1.44 billion.

Sciencast Management LP reduced its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 26.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,327 shares of the company's stock after selling 9,658 shares during the quarter. Sciencast Management LP's holdings in Roblox were worth $1,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Roblox by 74.8% during 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 period. Larson Financial Group LLC boosted its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox in the 1st quarter valued at $39,000. Headlands Technologies LLC bought a new stake in Roblox in the 1st quarter valued at $57,000. Finally, TD Private Client Wealth LLC bought a new stake in Roblox in the 1st quarter valued at $58,000. 94.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Benchmark boosted their price target on Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wolfe Research raised Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Friday, August 22nd. Wedbush reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Roblox in a report on Thursday, September 4th. Finally, Wall Street Zen lowered Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $123.16.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Reinstra sold 150,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the completion of the transaction, the insider owned 389,489 shares in the company, valued at approximately $38,851,527.75. The trade was a 27.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,993,861 shares of company stock worth $210,622,673. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Up 0.3%

NYSE:RBLX traded up $0.46 on Friday, hitting $133.42. The stock had a trading volume of 5,238,408 shares, compared to its average volume of 8,777,285. The business's fifty day moving average is $122.30 and its 200 day moving average is $90.47. The company has a market cap of $86.06 billion, a PE ratio of -93.30 and a beta of 1.62. 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.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly 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 the consensus estimate 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 revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, 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.