waypoint wealth counsel Purchases 3,812 Shares of Roblox Corporation $RBLX

Key Points

• Waypoint Wealth Counsel has increased its stake in Roblox Corporation by 94.4%, acquiring 3,812 shares during the second quarter, bringing its total ownership to 7,849 shares valued at approximately $826,000.
• Several institutional investors have also recently increased their positions in Roblox, with 94.46% of the stock owned by institutional investors and hedge funds.
• Analysts have mostly given Roblox a "buy" rating, with the stock having an average price target of $126.84, amidst mixed earnings results including a reported EPS of ($0.41), missing estimates by $0.04.

waypoint wealth counsel increased its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 94.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,849 shares of the company's stock after acquiring an additional 3,812 shares during the period. waypoint wealth counsel's holdings in Roblox were worth $826,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. ORG Partners LLC bought a new position in Roblox in the second quarter valued at approximately $33,000. Larson Financial Group LLC grew its stake 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 in the last quarter. Fifth Third Bancorp grew its stake in Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after purchasing an additional 298 shares in the last quarter. Headlands Technologies LLC bought a new position in Roblox in the first quarter valued at approximately $57,000. Finally, TD Private Client Wealth LLC bought a new position in Roblox in the first quarter valued at approximately $58,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RBLX shares. Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and raised their price target for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Needham & Company LLC boosted their price target on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on Roblox from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Morgan Stanley upped their price objective on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America upped their price objective on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average target price of $126.84.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 111,112 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Insiders sold a total of 372,876 shares of company stock worth $48,196,989 over the last three months. Company insiders own 12.92% of the company's stock.

Roblox Price Performance

Roblox stock opened at $126.77 on Friday. Roblox Corporation has a 12 month low of $39.30 and a 12 month high of $150.59. The stock's 50 day moving average is $128.96 and its 200-day moving average is $101.41. 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 $81.77 billion, a price-to-earnings ratio of -88.65 and a beta of 1.63.

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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted ($0.32) EPS. Roblox's revenue for the quarter 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. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

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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