LGT Fund Management Co Ltd. purchased a new position in shares of Roblox Corporation (NYSE:RBLX – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 47,100 shares of the company’s stock, valued at approximately $4,955,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in Roblox during the second quarter worth about $33,000. Fifth Third Bancorp grew its holdings in Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after purchasing an additional 298 shares during the period. Larson Financial Group LLC grew its holdings in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the first quarter worth about $39,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Roblox by 82.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company’s stock worth $72,000 after purchasing an additional 310 shares during the period. Institutional investors own 94.46% of the company’s stock.
Insider Buying and Selling
In other news, CEO David Baszucki sold 875 shares of Roblox stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the sale, the insider owned 278,642 shares of the company’s stock, valued at approximately $38,048,565.10. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 366,876 shares of company stock valued at $47,386,869 in the last quarter. Corporate insiders own 12.92% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on RBLX
Roblox Stock Down 7.9%
NYSE RBLX opened at $122.91 on Friday. 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 1-year low of $37.50 and a 1-year high of $150.59. The company has a 50 day moving average of $128.89 and a 200-day moving average of $98.85. The company has a market cap of $79.28 billion, a price-to-earnings ratio of -85.95 and a beta of 1.63.
Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share 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 analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The firm’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. On average, equities research analysts expect 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.
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