Prime Capital Investment Advisors LLC lowered its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 81.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,333 shares of the company’s stock after selling 10,278 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Roblox were worth $245,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Ieq Capital LLC boosted its position in Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. AQR Capital Management LLC boosted its position in Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock worth $504,387,000 after purchasing an additional 6,007,322 shares during the period. Amundi boosted its position in Roblox by 55.5% during the first quarter. Amundi now owns 4,960,806 shares of the company’s stock worth $288,818,000 after purchasing an additional 1,769,669 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Roblox by 210.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock worth $189,840,000 after purchasing an additional 2,207,897 shares during the period. Institutional investors own 94.46% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on RBLX shares. Cowen reiterated a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Canaccord Genuity Group increased their target price on shares of Roblox from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Benchmark increased their target price on shares of Roblox from $77.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays increased their target price on shares of Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.84.
Roblox Price Performance
RBLX stock opened at $126.77 on Monday. The firm has a 50 day moving average of $128.96 and a 200-day moving average of $101.70. The firm has a market capitalization of $81.77 billion, a P/E ratio of -88.65 and a beta of 1.63. 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 $39.30 and a 12 month high of $150.59.
Roblox (NYSE:RBLX – Get Free Report) last announced its 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). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) earnings per share. 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 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Amy Marie Rawlings sold 6,567 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer directly owned 46,866 shares of the company’s stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,876 shares of company stock valued at $48,196,989 over the last three months. Corporate insiders own 12.92% of the company’s stock.
Roblox 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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