Jasper Ridge Partners L.P. Has $41.13 Million Position in Roblox Corporation $RBLX

Jasper Ridge Partners L.P. raised its stake in Roblox Corporation (NYSE:RBLX) by 15.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 705,672 shares of the company’s stock after acquiring an additional 92,595 shares during the period. Roblox accounts for approximately 1.3% of Jasper Ridge Partners L.P.’s holdings, making the stock its 8th biggest position. Jasper Ridge Partners L.P.’s holdings in Roblox were worth $41,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd grew its holdings in shares of 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 acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Roblox by 819.0% during 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. acquired a new position in shares of Roblox in the 1st quarter valued at $39,000. Colonial Trust Co SC purchased a new position in Roblox in the 4th quarter worth about $41,000. Finally, Headlands Technologies LLC acquired a new stake in Roblox during the 1st quarter worth about $57,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RBLX. BTIG Research set a $131.00 target price on shares of Roblox and gave the stock a “buy” rating in a report on Monday, July 28th. Raymond James Financial downgraded shares of Roblox from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Citigroup raised their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Oppenheimer reissued an “outperform” rating and set a $125.00 target price (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Finally, Canaccord Genuity Group increased their target price on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 687,500 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.97, for a total value of $60,479,375.00. Following the transaction, the chief executive officer directly owned 211,559 shares of the company’s stock, valued at $18,610,845.23. This represents a 76.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 4,985,047 shares of company stock valued at $482,893,185 in the last quarter. Insiders own 12.92% of the company’s stock.

Roblox Stock Up 2.3%

RBLX stock opened at $117.4930 on Friday. The company has a 50 day moving average of $115.24 and a two-hundred day moving average of $84.43. The company has a market cap of $75.79 billion, a price-to-earnings ratio of -82.16 and a beta of 1.63. Roblox Corporation has a 12-month low of $37.50 and a 12-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) last posted its quarterly 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. The company’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. On average, equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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.