State of New Jersey Common Pension Fund D Lowers Stock Holdings in Roblox Corporation $RBLX

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Roblox Corporation by 6.2%, ending up with 165,610 shares worth approximately $9.65 million.
• Insiders at Roblox sold a total of 5,127,213 shares valued at around $493.4 million in the last ninety days, with a reported 12.92% of the stock currently owned by insiders.
• Roblox reported a negative earnings per share (EPS) of ($0.41) for the last quarter, missing estimates, while revenue increased by 50.5% year-over-year to $1.44 billion.

State of New Jersey Common Pension Fund D trimmed its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,610 shares of the company's stock after selling 10,976 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Roblox were worth $9,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after acquiring an additional 4,400,624 shares during the period. Two Sigma Advisers LP raised its position in Roblox by 23.7% in the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock valued at $419,867,000 after purchasing an additional 1,391,800 shares in the last quarter. Whale Rock Capital Management LLC raised its position in Roblox by 95.8% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after purchasing an additional 2,326,588 shares in the last quarter. Two Sigma Investments LP raised its position in Roblox by 25.7% in the 4th quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock valued at $261,219,000 after purchasing an additional 921,822 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Roblox by 24.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company's stock valued at $252,501,000 after purchasing an additional 871,027 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 687,500 shares of Roblox stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $92.26, for a total transaction of $63,428,750.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $19,518,433.34. The trade was a 76.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 4,980,441 shares of company stock worth $481,547,299 over the last quarter. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RBLX shares. The Goldman Sachs Group increased 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. BTIG Research set a $131.00 price target on Roblox and gave the company a "buy" rating in a research report on Monday, July 28th. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and increased their price target for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Bank of America increased their price target on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Nineteen investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.59.

Roblox Stock Up 0.4%

RBLX traded up $0.5150 during trading on Wednesday, hitting $118.7950. 14,162,727 shares of the stock were exchanged, compared to its average volume of 9,859,443. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The stock has a fifty day moving average price of $113.99 and a two-hundred day moving average price of $83.58. 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 (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 the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company's quarterly revenue was up 50.5% on a year-over-year basis. During the same period last year, the firm earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict 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.