Verdence Capital Advisors LLC Buys New Shares in Roblox Corporation $RBLX

Key Points

• Verdence Capital Advisors LLC acquired a new stake in Roblox Corporation, purchasing 2,355 shares valued at approximately $248,000 during the second quarter.
• Roblox's stock has seen changes in institutional holdings, with over 94% of shares owned by institutional investors, including boosts by firms like Yousif Capital and Farther Finance Advisors.
• Roblox recently reported a loss of ($0.41) EPS for the quarter, missing expectations, despite revenue growth of 50.5% year-over-year, indicating mixed performance amidst growing interest from investors.

Verdence Capital Advisors LLC purchased a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,355 shares of the company's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC boosted its position in shares of Roblox by 1.9% in the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock valued at $729,000 after acquiring an additional 127 shares during the period. Farther Finance Advisors LLC boosted its holdings in Roblox by 21.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock valued at $84,000 after purchasing an additional 141 shares during the period. Independent Wealth Network Inc. boosted its holdings in Roblox by 3.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock valued at $409,000 after purchasing an additional 146 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after purchasing an additional 163 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Roblox by 1.9% in the second quarter. Allegiance Financial Group Advisory Services LLC now owns 9,342 shares of the company's stock valued at $983,000 after buying an additional 175 shares during the period. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the transaction, the chief accounting officer owned 46,866 shares in the company, valued at $5,516,596.86. This trade represents a 12.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, the insider directly owned 278,642 shares of the company's stock, valued at $38,048,565.10. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 366,876 shares of company stock worth $47,485,929 in the last 90 days. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Down 2.9%

Shares of RBLX opened at $134.59 on Friday. Roblox Corporation has a 52 week low of $39.30 and a 52 week high of $150.59. The stock has a market capitalization of $86.81 billion, a price-to-earnings ratio of -94.12 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $129.22 and a 200-day moving average of $103.18.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) EPS 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 net margin of 23.67% and a negative return on equity of 372.96%. Roblox's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) earnings per share. 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 fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on Roblox from $152.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 target price for the company in a research report on Tuesday, September 9th. Canaccord Genuity Group upped their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Needham & Company LLC upped their price objective on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Morgan Stanley set a $170.00 price objective on shares of Roblox and gave the stock an "overweight" rating in a research report on Monday. Twenty analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.58.

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.

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