Western Financial Corp CA Sells 5,204 Shares of Roblox Corporation $RBLX

Key Points

• Western Financial Corp CA reduced its holdings in Roblox Corporation by 27.2%, selling 5,204 shares during the second quarter, leaving them with 13,915 shares valued at approximately $1.46 million.
• Roblox reported a quarterly loss of ($0.41) per share, missing expectations, despite revenue of $1.44 billion, which exceeded analyst estimates.
• The stock has a current consensus rating of "Moderate Buy" with a target price averaging $126.24, indicating strong institutional interest as 94.46% of the stock is owned by institutional investors.

Western Financial Corp CA trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 27.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,915 shares of the company's stock after selling 5,204 shares during the quarter. Western Financial Corp CA's holdings in Roblox were worth $1,464,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ORG Partners LLC bought a new stake in shares of Roblox in the 2nd quarter valued at $33,000. Larson Financial Group LLC boosted its stake in shares of Roblox by 819.0% in the 1st 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. bought a new stake in shares of Roblox in the 1st quarter valued at $39,000. Fifth Third Bancorp boosted its stake in shares of Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after purchasing an additional 298 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Roblox in the 1st quarter valued at $57,000. 94.46% of the stock is owned by institutional investors.

Roblox Stock Up 2.3%

Roblox stock opened at $135.11 on Friday. 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 12-month low of $37.50 and a 12-month high of $150.59. The firm's fifty day moving average is $127.47 and its 200 day moving average is $96.17. The company has a market capitalization of $87.15 billion, a PE ratio of -94.48 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last released 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). 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The business's quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $118.51, for a total transaction of $711,060.00. Following the transaction, the insider owned 307,223 shares in the company, valued at approximately $36,408,997.73. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the transaction, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,876 shares of company stock worth $45,861,309. Corporate insiders own 12.92% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $125.00 price objective (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Piper Sandler upped their price objective on shares of Roblox to $180.00 and gave the company an "overweight" rating in a research note on Wednesday. Arete Research set a $116.00 price objective on shares of Roblox in a research note on Tuesday, September 9th. Morgan Stanley upped their price objective on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Benchmark boosted their target price on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.24.

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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