11,656 Shares in Roblox Corporation $RBLX Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC has invested $679,000 in Roblox Corporation, purchasing 11,656 shares in the first quarter.
• Roblox reported a loss of $0.41 earnings per share for the quarter, missing analysts' estimates, but showed a 50.5% increase in revenue year-over-year.
• Several analysts have adjusted their price targets for Roblox, with Wedbush setting a target of $165.00 and Bank of America raising theirs to $171.00.

SCS Capital Management LLC bought a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,656 shares of the company's stock, valued at approximately $679,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBLX. Nuveen LLC purchased a new stake in shares of Roblox during the 1st quarter valued at approximately $70,254,000. Fox Run Management L.L.C. raised its position in shares of Roblox by 56.5% during the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after buying an additional 4,390 shares in the last quarter. Long Corridor Asset Management Ltd purchased a new stake in shares of Roblox during the 1st quarter valued at $4,372,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Roblox by 15.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after buying an additional 4,760 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Roblox during the 1st quarter valued at $890,000. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 875 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $26,808,756.48. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at approximately $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,993,861 shares of company stock valued at $210,622,673. 12.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cowen reiterated a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Canaccord Genuity Group boosted their price target on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. BTIG Research boosted their price objective on shares of Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Barclays boosted their price objective on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $123.16.

Roblox Price Performance

Shares of RBLX stock traded up $0.46 during mid-day trading on Friday, hitting $133.42. The company had a trading volume of 5,238,408 shares, compared to its average volume of 8,864,180. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The stock's 50 day moving average price is $122.89 and its 200-day moving average price is $91.19. 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 company has a market capitalization of $86.06 billion, a P/E ratio of -93.30 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for 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%.Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior 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 forecast that Roblox Corporation will post -1.49 earnings per share for the current 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.