Vident Advisory LLC Has $2.39 Million Stake in Roblox Corporation $RBLX

Key Points

• Vident Advisory LLC reduced its holdings in Roblox Corporation by 11.4%, owning 40,961 shares valued at approximately $2.39 million.
• Roblox's stock opened at $124.68 with a market cap of $80.42 billion, and it reported a 50.5% increase in revenuestrong> year-over-year.
• Roblox suffered a loss of ($0.41) earnings per share, missing estimates by $0.04, but exceeded revenue expectations by generating $1.44 billion during the last quarter.

Vident Advisory LLC decreased its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,961 shares of the company's stock after selling 5,285 shares during the period. Vident Advisory LLC's holdings in Roblox were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd lifted 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% 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 last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox during the first quarter valued at about $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox during the fourth quarter valued at about $41,000. Finally, Headlands Technologies LLC acquired a new position in shares of Roblox during the first quarter valued at about $57,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

NYSE RBLX opened at $124.68 on Tuesday. The stock has a market cap of $80.42 billion, a P/E ratio of -87.19 and a beta of 1.62. The company's 50-day simple moving average is $117.98 and its 200 day simple moving average is $87.09. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. 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 (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 analysts' consensus estimates of ($0.37) by ($0.04). The business 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%. The business's revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RBLX shares. Barclays upped their price objective on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Bank of America upped their price objective 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. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and upped their price objective for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. BTIG Research set a $131.00 price objective on shares of Roblox and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Canaccord Genuity Group upped their price objective on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Roblox has an average rating of "Moderate Buy" and a consensus target price of $119.00.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 875 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction 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. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction dated 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 sale, the director directly owned 279,868 shares in the company, valued at $36,206,523.16. This represents a 19.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,854,931 shares of company stock valued at $383,522,881 over the last 90 days. Company insiders own 12.92% of the company's stock.

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.

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