Roblox Corporation $RBLX Shares Purchased by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC boosted its stake in Roblox Corporation by 70.2%, acquiring an additional 5,363 shares during the 2nd quarter, bringing its total ownership to 13,000 shares valued at approximately $1.37 million.
• Insiders have significantly sold Roblox stock recently, with CEO David Baszucki offloading 192,617 shares worth about $20.25 million, reflecting a 47.66% decrease in his ownership position.
• Analysts have shown positive outlooks for Roblox, with Citigroup and Wells Fargo raising their price targets to $152 and $153, respectively, while maintaining buy and overweight ratings on the stock.

Sivia Capital Partners LLC lifted its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 70.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,000 shares of the company's stock after acquiring an additional 5,363 shares during the period. Roblox accounts for approximately 0.4% of Sivia Capital Partners LLC's investment portfolio, making the stock its 24th biggest holding. Sivia Capital Partners LLC's holdings in Roblox were worth $1,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd raised its position 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 in the last quarter. Larson Financial Group LLC increased its position in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter worth approximately $39,000. MassMutual Private Wealth & Trust FSB increased its position in Roblox by 82.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock worth $72,000 after buying an additional 310 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Roblox during the first quarter worth approximately $57,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

Shares of RBLX stock traded up $0.16 during midday trading on Thursday, hitting $135.54. The company had a trading volume of 4,671,332 shares, compared to its average volume of 7,398,154. The company's 50 day simple moving average is $125.30 and its 200 day simple moving average is $93.03. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The stock has a market cap of $87.43 billion, a price-to-earnings ratio of -94.78 and a beta of 1.62. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. The firm's quarterly 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. Research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 shares of Roblox 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 $2,419,175.92. Following the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the completion of the sale, the director owned 275,248 shares in the company, valued at approximately $33,783,939.52. This trade represents a 19.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 828,938 shares of company stock valued at $93,618,526. 12.92% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Piper Sandler lifted their price target on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Needham & Company LLC lifted their price target on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen lowered Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target on the stock in a research report on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and an average target price of $123.16.

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.