Roblox Corporation $RBLX Holdings Raised by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. increased its position in shares of Roblox Corporation (NYSE:RBLX) by 247.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,196 shares of the company’s stock after buying an additional 12,250 shares during the period. Pinnacle Associates Ltd.’s holdings in Roblox were worth $729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RBLX. Assenagon Asset Management S.A. boosted its position in Roblox by 216.4% during the third quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company’s stock valued at $253,885,000 after acquiring an additional 4,098,311 shares during the last quarter. Amundi grew its holdings in Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after acquiring an additional 2,631,074 shares during the period. Spyglass Capital Management LLC acquired a new stake in Roblox during the 1st quarter worth about $44,116,000. Allspring Global Investments Holdings LLC raised its position in shares of Roblox by 379.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock worth $53,102,000 after acquiring an additional 729,379 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Roblox by 192.7% in the 1st quarter. Sei Investments Co. now owns 1,080,310 shares of the company’s stock worth $61,102,000 after acquiring an additional 711,259 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, CFO Naveen K. Chopra sold 17,509 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $664,641.64. Following the completion of the sale, the chief financial officer owned 363,249 shares in the company, valued at approximately $13,788,932.04. The trade was a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO David Baszucki sold 52,568 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $1,995,481.28. Following the transaction, the chief executive officer owned 799,646 shares in the company, valued at approximately $30,354,562.16. The trade was a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 186,390 shares of company stock worth $7,283,371 over the last quarter. Corporate insiders own 10.05% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research analyst reports. BMO Capital Markets lowered Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research report on Friday, July 31st. Benchmark cut Roblox from a “hold” rating to a “sell” rating and set a $33.00 price target on the stock. in a report on Friday, July 31st. BTIG Research raised their price objective on shares of Roblox from $30.00 to $41.00 and gave the stock a “sell” rating in a research report on Tuesday, September 15th. Oppenheimer reiterated an “outperform” rating on shares of Roblox in a research note on Friday, September 11th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $47.00 price objective (down from $50.00) on shares of Roblox in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.22.

Roblox Stock Performance

Shares of Roblox stock opened at $53.00 on Friday. The business has a 50-day simple moving average of $45.12 and a 200 day simple moving average of $47.58. Roblox Corporation has a one year low of $33.88 and a one year high of $134.67. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $35.51 billion, a price-to-earnings ratio of -37.06 and a beta of 1.47.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company earned ($0.41) earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts anticipate that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Wedbush raised its price target for Roblox from $48 to $55 while maintaining a neutral rating. The revision reflects expectations that user activity remained more resilient than feared in the third quarter. Wedbush Roblox price target update
• Positive Sentiment: Earnings expectations have improved. Analysts see an 8.54% positive Earnings ESP, and recent estimate revisions suggest Roblox could beat expectations when it reports. The company is expected to post a quarterly loss of approximately $0.41 per share on $1.63 billion of revenue. Roblox earnings optimism
• Positive Sentiment: Roblox users reportedly held up better than expected in the third quarter, which could help support engagement metrics and reduce downside risk around the upcoming results. Roblox user trends and spending
• Neutral Sentiment: Roblox’s recent recommendation-system changes prioritize game quality and user retention over near-term spending. This strategy could improve long-term engagement, but it may temporarily reduce monetization growth. What is wrong with Roblox stock
• Negative Sentiment: Spending per user was likely below expectations. Even with resilient user numbers, weaker monetization could pressure bookings and revenue, limiting the benefit of strong engagement.
• Negative Sentiment: Bookings growth slowed sharply in the second quarter, while engagement cooled. Forecasts also call for year-over-year declines in both earnings and revenue, keeping the stock vulnerable if Roblox fails to demonstrate improved monetization.

About Roblox

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.