Strs Ohio Takes $836,000 Position in Roblox Corporation $RBLX

Key Points

• Strs Ohio has acquired a new position in Roblox Corporation, purchasing 14,347 shares valued at approximately $836,000.
• A significant number of other institutional investors have also increased or established stakes in Roblox during the first quarter, contributing to hedge funds owning 94.46% of the company's stock.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding estimates, but fell short on earnings per share by $0.04, posting a loss of ($0.41) EPS.

Strs Ohio purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,347 shares of the company's stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nuveen LLC acquired a new stake in Roblox in the first quarter worth about $70,254,000. Fox Run Management L.L.C. increased its position in shares of Roblox by 56.5% in the first 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 in the first quarter valued at approximately $4,372,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Roblox by 15.5% in the first 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 first quarter worth approximately $890,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the sale, the chief accounting officer owned 46,866 shares in the company, valued at $5,516,596.86. This represents a 12.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 822,938 shares of company stock worth $92,998,426 over the last quarter. 12.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America boosted their price target on Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Wells Fargo & Company boosted their price objective on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and boosted their price objective for the stock from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Finally, Barclays boosted their price objective on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average target price of $123.16.

Roblox Trading Down 0.2%

RBLX traded down $0.30 during mid-day trading on Friday, hitting $135.24. 16,746,329 shares of the stock were exchanged, compared to its average volume of 7,281,631. The firm's fifty day moving average is $125.89 and its two-hundred day moving average is $93.74. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a market cap of $87.23 billion, a PE ratio of -94.57 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last posted its 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted ($0.32) EPS. Roblox's revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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.