Versor Investments LP Purchases 16,406 Shares of Roblox Corporation $RBLX

Key Points

• Versor Investments LP increased its stake in Roblox Corporation by 356.7%, acquiring 16,406 shares to bring its total holdings to 21,006 shares worth approximately $1.22 million.
• Roblox's shares opened at $117.41 but experienced a 6.3% drop, reflecting a current negative price-to-earnings ratio of -82.10.
• Roblox reported earnings of ($0.41) per share, missing analyst expectations while achieving a revenue of $1.44 billion, up 50.5% from the previous year.

Versor Investments LP grew its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 356.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,006 shares of the company's stock after buying an additional 16,406 shares during the quarter. Versor Investments LP's holdings in Roblox were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RBLX. Gordian Capital Singapore Pte Ltd grew its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC lifted its position in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC bought a new position in shares of Roblox in the fourth quarter worth approximately $41,000. Finally, Headlands Technologies LLC purchased a new position in shares of Roblox in the first quarter worth $57,000. Institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several analyst reports. Bank of America increased their price target on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Benchmark upped their price objective on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Barclays raised 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. Piper Sandler upped their price target on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company lifted their price objective on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.59.

Roblox Stock Up 0.4%

RBLX traded up $0.5150 during trading on Wednesday, reaching $118.7950. The stock had a trading volume of 14,162,727 shares, compared to its average volume of 9,859,443. 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 $76.63 billion, a price-to-earnings ratio of -83.07 and a beta of 1.63. The stock's 50 day moving average is $114.44 and its two-hundred day moving average is $83.82. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59.

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

Insider Buying and Selling

In related news, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 279,868 shares of the company's stock, valued at $36,206,523.16. This trade represents a 19.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea L. Wong sold 5,770 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $130.40, for a total value of $752,408.00. Following the completion of the sale, the director directly owned 41,891 shares in the company, valued at $5,462,586.40. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,980,441 shares of company stock worth $481,547,299. 12.92% of the stock is currently owned by corporate insiders.

Roblox Company 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.