Woodline Partners LP Cuts Stock Position in Roblox Corporation $RBLX

Key Points

• Woodline Partners LP reduced its holdings in Roblox Corporation by 54.4%, now owning 303,706 shares valued at $17.7 million after selling 362,594 shares in Q1.
• Roblox reported a quarterly revenue of $1.44 billion, surpassing estimates, but the company also posted an EPS of (-0.41), missing analyst targets.
• Several institutional investors, including Gordian Capital and Larson Financial, have significantly increased their stakes in Roblox, indicating ongoing interest despite Woodline's reduction.

Woodline Partners LP lessened its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 54.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 303,706 shares of the company's stock after selling 362,594 shares during the period. Woodline Partners LP's holdings in Roblox were worth $17,703,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd increased its stake in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC increased its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox in the 1st quarter worth $39,000. Headlands Technologies LLC purchased a new stake in Roblox in the 1st quarter worth $57,000. Finally, TD Private Client Wealth LLC purchased a new stake in Roblox in the 1st quarter worth $58,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Stock Up 0.8%

Shares of NYSE:RBLX opened at $132.88 on Thursday. The company has a current ratio of 0.97, a quick 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 company has a 50-day moving average price of $121.71 and a 200 day moving average price of $89.97. The company has a market cap of $85.71 billion, a price-to-earnings ratio of -92.92 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted ($0.32) EPS. The firm's 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, equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 150,000 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $99.75, for a total value of $14,962,500.00. Following the completion of the sale, the insider owned 389,489 shares of the company's stock, valued at $38,851,527.75. This trade represents a 27.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 454,963 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $21,284,950.99. The trade was a 68.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,993,861 shares of company stock valued at $210,622,673. Insiders own 12.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RBLX shares. Morgan Stanley increased their price target on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and raised their price objective for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday. Bank of America raised their price objective on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research report on Monday. Finally, Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a research report on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $123.16.

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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