Temasek Holdings Private Ltd Sells 1,038,088 Shares of Roblox Corporation $RBLX

Key Points

• Temasek Holdings reduced its stake in Roblox Corporation by 8.2%, selling over 1 million shares, now holding 11.55 million shares worth approximately $673 million, which comprises 2.7% of its investment portfolio.
• Brokerages have reacted positively to Roblox with price target increases; for instance, Citigroup raised its target from $123 to $152 while maintaining a "buy" rating, reflecting confidence in the company's potential performance.
• Roblox reported earnings of ($0.41) per share in its latest quarterly release, missing estimates, but achieved a revenue of $1.44 billion, surpassing projections and representing a year-over-year growth of 50.5%.

Temasek Holdings Private Ltd lessened its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 8.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,554,446 shares of the company's stock after selling 1,038,088 shares during the period. Roblox comprises about 2.7% of Temasek Holdings Private Ltd's portfolio, making the stock its 11th largest holding. Temasek Holdings Private Ltd owned 1.83% of Roblox worth $673,509,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares during the period. Larson Financial Group LLC boosted its position in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox in the 1st quarter valued at about $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox in the 4th quarter valued at about $41,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Roblox during the first quarter worth approximately $57,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

RBLX stock traded up $1.09 during trading on Wednesday, reaching $132.88. 4,694,253 shares of the stock were exchanged, compared to its average volume of 8,798,773. Roblox Corporation has a twelve month low of $37.50 and a twelve month 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 capitalization of $85.71 billion, a P/E ratio of -92.92 and a beta of 1.62. The stock has a 50 day simple moving average of $121.09 and a 200-day simple moving average of $89.67.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Needham & Company LLC lifted their price objective on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and issued a $125.00 target price (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Barclays lifted their price target on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and increased their price objective for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $123.16.

Insider Activity

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.20, for a total transaction of $805,200.00. Following the transaction, the insider directly owned 275,015 shares of the company's stock, valued at $36,907,013. This trade represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the transaction, the chief executive officer owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,993,861 shares of company stock worth $210,622,673. Corporate insiders own 12.92% of the company's stock.

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.