Allegiance Financial Group Advisory Services LLC Has $983,000 Stock Holdings in Roblox Corporation $RBLX

Allegiance Financial Group Advisory Services LLC increased its holdings in shares of Roblox Corporation (NYSE:RBLX) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,342 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Allegiance Financial Group Advisory Services LLC’s holdings in Roblox were worth $983,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of Roblox during the 2nd quarter worth about $33,000. Fifth Third Bancorp lifted its position in shares of Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after purchasing an additional 298 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Roblox by 819.0% during the 1st 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Roblox by 82.0% during the 2nd 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 last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Roblox by 21.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock worth $84,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. BTIG Research boosted their price target on Roblox from $159.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Piper Sandler boosted their price target on Roblox to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Oppenheimer restated an “outperform” rating and set a $125.00 price target (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Wall Street Zen lowered Roblox from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Finally, Cowen restated a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $126.84.

Roblox Trading Up 0.7%

RBLX stock opened at $125.85 on Thursday. Roblox Corporation has a 1-year low of $39.30 and a 1-year high of $150.59. The firm has a market cap of $81.18 billion, a P/E ratio of -88.01 and a beta of 1.63. The business’s 50 day moving average is $129.15 and its 200-day moving average is $100.23. 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 (NYSE:RBLX) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the business’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 transaction, the chief accounting officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total value of $810,120.00. Following the completion of the transaction, the insider directly owned 272,642 shares in the company, valued at $36,812,122.84. The trade was a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,876 shares of company stock worth $48,196,989. Insiders own 12.92% of the company’s stock.

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.