Silicon Valley Capital Partners Reduces Stock Holdings in Roblox Corporation $RBLX

Key Points

• Silicon Valley Capital Partners has reduced its holdings in Roblox Corporation (NYSE:RBLX) by 25.3%, owning 51,613 shares after selling 17,491 shares during the first quarter.
• Several hedge funds have recently adjusted their positions in Roblox, with Acadian Asset Management LLC increasing its stake by 10.4% to 1,405,813 shares, valued at $81.9 million.
• CEO David Baszucki sold 454,963 shares of Roblox stock, representing a 68.26% decrease in his ownership, and insiders have collectively sold nearly 2 million shares worth over $210 million in the last 90 days.

Silicon Valley Capital Partners reduced its position in Roblox Corporation (NYSE:RBLX - Free Report) by 25.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,613 shares of the company's stock after selling 17,491 shares during the quarter. Silicon Valley Capital Partners' holdings in Roblox were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RBLX. Strs Ohio purchased a new stake in Roblox in the 1st quarter worth about $836,000. Acadian Asset Management LLC raised its position in shares of Roblox by 10.4% in the first quarter. Acadian Asset Management LLC now owns 1,405,813 shares of the company's stock valued at $81,921,000 after purchasing an additional 132,051 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Roblox by 1.0% during the 1st quarter. IFM Investors Pty Ltd now owns 86,755 shares of the company's stock valued at $5,057,000 after buying an additional 817 shares in the last quarter. Belpointe Asset Management LLC bought a new position in Roblox in the 1st quarter worth approximately $728,000. Finally, Fortis Capital Advisors LLC purchased a new position in Roblox in the 1st quarter valued at approximately $728,000. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 454,963 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $100.61, for a total value of $45,773,827.43. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $21,284,950.99. This represents a 68.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 150,000 shares of Roblox stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $99.75, for a total value of $14,962,500.00. Following the sale, the insider directly owned 389,489 shares in the company, valued at approximately $38,851,527.75. The trade was a 27.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,993,861 shares of company stock worth $210,622,673 over the last 90 days. 12.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets boosted their price target on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. The Goldman Sachs Group lifted their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 target price on the stock in a research note on Tuesday. Wall Street Zen cut shares of Roblox from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, BTIG Research lifted their price objective on shares of Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.16.

Roblox Stock Up 0.8%

Shares of NYSE:RBLX opened at $132.88 on Thursday. The stock has a market capitalization of $85.71 billion, a P/E ratio of -92.92 and a beta of 1.62. The stock's 50-day moving average price is $121.71 and its 200-day moving average price is $89.97. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted 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). 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 quarter in the previous year, the business earned ($0.32) earnings per share. Roblox's revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox 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.

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