Teza Capital Management LLC Sells 3,634 Shares of Roblox Corporation $RBLX

Key Points

• Teza Capital Management LLC sold 3,634 shares of Roblox Corporation, reducing its stake by 48.9%, leaving them with 3,803 shares valued at $222,000.
• Numerous hedge funds have increased their investments in Roblox, with Ameriprise Financial Inc. boosting its stake by 35.2%, now holding 460,217 shares valued at $26,629,000.
• Research analysts have positively adjusted their price targets for Roblox, with Citigroup setting a new target at $152.00 and Morgan Stanley at $170.00, contributing to a consensus rating of "Moderate Buy."

Teza Capital Management LLC trimmed its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 48.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,803 shares of the company's stock after selling 3,634 shares during the quarter. Teza Capital Management LLC's holdings in Roblox were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RBLX. Ameriprise Financial Inc. grew its stake in Roblox by 35.2% in the fourth quarter. Ameriprise Financial Inc. now owns 460,217 shares of the company's stock valued at $26,629,000 after purchasing an additional 119,942 shares in the last quarter. Captrust Financial Advisors grew its stake in Roblox by 22.9% in the fourth quarter. Captrust Financial Advisors now owns 22,710 shares of the company's stock valued at $1,314,000 after purchasing an additional 4,230 shares in the last quarter. Focus Partners Wealth grew its stake in Roblox by 90.7% in the fourth quarter. Focus Partners Wealth now owns 18,822 shares of the company's stock valued at $1,106,000 after purchasing an additional 8,953 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Roblox in the fourth quarter valued at approximately $3,080,000. Finally, OMERS ADMINISTRATION Corp grew its stake in Roblox by 22.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 18,301 shares of the company's stock valued at $1,059,000 after purchasing an additional 3,345 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RBLX shares. Citigroup raised their price target on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays lifted their target price on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Oppenheimer reiterated an "outperform" rating and set a $125.00 target price (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Morgan Stanley lifted their target price on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America lifted their target price on Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.16.

Roblox Stock Performance

NYSE:RBLX opened at $131.75 on Wednesday. The stock has a market cap of $84.98 billion, a P/E ratio of -92.13 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. 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 Corporation has a 1-year low of $37.50 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly 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 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 business's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) earnings per share. 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 year.

Insider Buying and Selling 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 transaction of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,993,861 shares of company stock worth $210,622,673 in the last 90 days. Company insiders own 12.92% of the company's stock.

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.

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