Sumitomo Mitsui DS Asset Management Company Ltd Purchases 8,542 Shares of Roblox Corporation $RBLX

Key Points

• Sumitomo Mitsui DS Asset Management increased its holdings in Roblox Corporation (RBLX) by 19.4%, acquiring an additional 8,542 shares to bring its total to 52,531 shares, valued at approximately $5.53 million.
• Analysts have mixed opinions on RBLX, with most ratings being "Buy" but varying price targets ranging from $76.00 to $170.00, with an average price target of $123.16.
• Insiders, including the Chief Accounting Officer and CEO, have recently sold shares, with a total of nearly 823,000 shares sold in the last 90 days, prompting scrutiny regarding insider confidence.

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,531 shares of the company's stock after buying an additional 8,542 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Roblox were worth $5,526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its holdings in shares of Roblox by 1.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after buying an additional 163 shares in the last quarter. Commerce Bank lifted its holdings in shares of Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after purchasing an additional 191 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Roblox by 6.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock worth $194,000 after purchasing an additional 192 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock worth $4,518,000 after purchasing an additional 198 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after purchasing an additional 225 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Cowen reaffirmed a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Benchmark lifted their price objective on Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wall Street Zen lowered Roblox from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a report on Tuesday, September 9th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $124.56.

Insider Transactions 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 value of $773,001.57. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 139,507 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $22,253,891.21. The trade was a 39.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 597,798 shares of company stock worth $69,517,978 in the last ninety days. Insiders own 12.92% of the company's stock.

Roblox Trading Down 1.5%

Shares of RBLX traded down $2.09 during mid-day trading on Tuesday, hitting $134.75. 964,597 shares of the company's stock traded hands, compared to its average volume of 8,710,446. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The firm has a market capitalization of $86.92 billion, a P/E ratio of -93.79 and a beta of 1.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The business's 50-day moving average price is $126.39 and its 200-day moving average price is $94.55.

Roblox (NYSE:RBLX - Get Free Report) last announced its 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). 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 for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted ($0.32) EPS. The business's quarterly 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. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS 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.