Trexquant Investment LP Cuts Position in Roblox Corporation $RBLX

Key Points

• Trexquant Investment LP reduced its holdings in Roblox Corporation by 31.4%, now owning approximately 404,670 shares valued at about $23.59 million.
• Roblox reported a quarterly loss of ($0.41) EPS, missing estimates, despite a revenue increase of 50.5% compared to the previous year.
• Analysts have upgraded their price targets for Roblox, with a consensus rating of "Moderate Buy" and an average target price of $119.00.

Trexquant Investment LP trimmed its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 31.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 404,670 shares of the company's stock after selling 185,037 shares during the period. Trexquant Investment LP owned about 0.06% of Roblox worth $23,588,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RBLX. Vanguard Group Inc. raised its stake in shares of Roblox by 8.3% in 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. Durable Capital Partners LP acquired a new position in shares of Roblox in the fourth quarter valued at approximately $246,560,000. Ninety One UK Ltd acquired a new position in shares of Roblox in the first quarter valued at approximately $137,379,000. Whale Rock Capital Management LLC grew its holdings in shares of Roblox by 95.8% in the fourth 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. Finally, Ieq Capital LLC grew its holdings in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RBLX. BTIG Research set a $131.00 price objective on shares of Roblox and gave the company a "buy" rating in a report on Monday, July 28th. Barclays lifted their price objective on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen cut shares of Roblox from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Oppenheimer restated an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Finally, Bank of America boosted their price target on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Twenty equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $119.00.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $133.67, for a total value of $802,020.00. Following the completion of the sale, the insider owned 301,223 shares in the company, valued at $40,264,478.41. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the transaction, the director owned 279,868 shares of the company's stock, valued at approximately $36,206,523.16. The trade was a 19.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,881,729 shares of company stock worth $385,940,060 over the last 90 days. Company insiders own 12.92% of the company's stock.

Roblox Stock Down 1.7%

NYSE RBLX traded down $2.20 on Monday, hitting $124.68. 5,445,299 shares of the stock were exchanged, compared to its average volume of 9,194,918. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The company has a market cap of $80.42 billion, a PE ratio of -87.19 and a beta of 1.62. The company has a 50-day moving average price of $117.56 and a 200-day moving average price of $86.69.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.