Symphony Financial Ltd. Co. Acquires Shares of 289,624 Roblox Corporation $RBLX

Symphony Financial Ltd. Co. acquired a new position in shares of Roblox Corporation (NYSE:RBLX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 289,624 shares of the company’s stock, valued at approximately $30,468,000.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in Roblox during the second quarter worth about $33,000. Larson Financial Group LLC boosted its stake in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after buying an additional 516 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Roblox in the second quarter valued at approximately $34,000. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox during the second quarter valued at approximately $40,000. Finally, Kiker Wealth Management LLC increased its position in shares of Roblox by 2,646.7% during the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the transaction, the chief accounting officer owned 46,866 shares of the company’s stock, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,416 shares of company stock worth $38,124,641 over the last quarter. Insiders own 12.92% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $102.25 on Monday. The company’s 50 day moving average is $125.83 and its 200-day moving average is $112.54. The firm has a market cap of $66.96 billion, a P/E ratio of -71.50 and a beta of 1.61. Roblox Corporation has a 12-month low of $47.95 and a 12-month high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates 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 314.20% and a negative net margin of 21.70%.The business’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same period last year, the company earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RBLX. Canaccord Genuity Group set a $160.00 target price on Roblox in a research report on Thursday, October 30th. Bank of America lifted their price objective on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Roth Capital reissued a “neutral” rating and set a $146.00 target price on shares of Roblox in a research report on Friday, October 17th. Citigroup raised their price target on shares of Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.41.

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.