Howard Capital Management Inc. Buys New Holdings in Roblox Corporation $RBLX

Howard Capital Management Inc. bought a new stake in shares of Roblox Corporation (NYSE:RBLX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,045 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors also recently bought and sold shares of the stock. Yousif Capital Management LLC boosted its holdings in Roblox by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after acquiring an additional 127 shares during the period. Farther Finance Advisors LLC lifted its holdings in Roblox by 21.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock worth $84,000 after buying an additional 141 shares during the period. Independent Wealth Network Inc. lifted its holdings in Roblox by 3.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company’s stock worth $409,000 after buying an additional 146 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company’s stock worth $775,000 after buying an additional 163 shares during the period. Finally, Drive Wealth Management LLC lifted its holdings in Roblox by 4.1% in the 2nd quarter. Drive Wealth Management LLC now owns 4,294 shares of the company’s stock worth $452,000 after buying an additional 168 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Down 15.3%

Shares of NYSE:RBLX opened at $113.22 on Friday. Roblox Corporation has a 52-week low of $47.95 and a 52-week high of $150.59. The firm has a market capitalization of $73.03 billion, a P/E ratio of -79.17 and a beta of 1.63. The stock has a 50 day moving average price of $130.49 and a 200-day moving average price of $108.60. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business’s revenue was up 70.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RBLX shares. Arete upgraded Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective for the company in a report on Tuesday, September 9th. Barclays increased their price objective on Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roblox in a report on Wednesday, October 8th. BMO Capital Markets increased their price objective on Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Finally, Morgan Stanley set a $170.00 price objective on Roblox and gave the stock an “overweight” rating in a report on Monday, October 13th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

Insider Buying and Selling

In related news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total value of $8,997,780.00. Following the sale, the director owned 270,628 shares in the company, valued at $36,894,715.24. This represents a 19.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 255,764 shares of company stock worth $32,929,145 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.