Roblox Corporation $RBLX Shares Bought by Cigna Investments Inc. New

Cigna Investments Inc. New increased its holdings in Roblox Corporation (NYSE:RBLX) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,497 shares of the company’s stock after buying an additional 234 shares during the quarter. Cigna Investments Inc. New’s holdings in Roblox were worth $578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in Roblox in the 1st quarter worth approximately $70,254,000. Fox Run Management L.L.C. boosted its position in Roblox by 56.5% in the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock worth $709,000 after purchasing an additional 4,390 shares in the last quarter. Long Corridor Asset Management Ltd acquired a new stake in Roblox in the 1st quarter valued at $4,372,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Roblox by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company’s stock valued at $2,096,000 after acquiring an additional 4,760 shares during the period. Finally, OMNI 360 Wealth Inc. grew its stake in Roblox by 69.9% in the 2nd quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company’s stock valued at $848,000 after acquiring an additional 3,315 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 0.4%

NYSE RBLX opened at $132.73 on Thursday. Roblox Corporation has a 52 week low of $37.50 and a 52 week 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. The business’s fifty day simple moving average is $127.06 and its 200-day simple moving average is $95.07. The firm has a market cap of $85.61 billion, a PE ratio of -92.81 and a beta of 1.62.

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 return on equity of 372.96% and a negative net margin of 23.67%.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) 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 analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research analyst reports. Arete Research set a $116.00 price target on shares of Roblox in a research note on Tuesday, September 9th. Citigroup raised their price objective on Roblox from $123.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Oppenheimer restated an “outperform” rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Wells Fargo & Company raised their price objective on Roblox from $116.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group raised their price objective on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.24.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, July 17th. The stock was 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 $36,408,997.73. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The stock was 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 have sold 372,876 shares of company stock worth $45,861,309 in the last quarter. 12.92% of the stock is currently owned by insiders.

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.