SP Asset Management LLC Trims Stock Position in Roblox Corporation $RBLX

SP Asset Management LLC reduced its stake in shares of Roblox Corporation (NYSE:RBLX) by 21.4% during the second quarter, Holdings Channel reports. The firm owned 8,895 shares of the company’s stock after selling 2,420 shares during the quarter. SP Asset Management LLC’s holdings in Roblox were worth $936,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RBLX. AQR Capital Management LLC boosted its holdings in shares of Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after buying an additional 2,297,350 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock valued at $189,840,000 after buying an additional 2,207,897 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Roblox by 55.5% during the 1st quarter. Amundi now owns 4,960,806 shares of the company’s stock valued at $288,818,000 after buying an additional 1,769,669 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the completion of the sale, the director owned 266,008 shares of the company’s stock, valued at $27,683,452.56. This represents a 19.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $112.99, for a total transaction of $677,940.00. Following the sale, the insider directly owned 266,642 shares of the company’s stock, valued at $30,127,879.58. The trade was a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 249,119 shares of company stock worth $30,271,977 in the last 90 days. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RBLX shares. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Friday, August 22nd. Cowen restated a “sell” rating on shares of Roblox in a report on Monday, August 18th. Oppenheimer restated an “outperform” rating and set a $150.00 target price on shares of Roblox in a report on Friday, October 31st. Piper Sandler set a $130.00 price target on shares of Roblox in a research note on Friday, October 31st. Finally, Roth Capital reiterated a “neutral” rating and issued a $146.00 price target on shares of Roblox in a research note on Friday, October 17th. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $136.41.

Roblox Price Performance

Shares of NYSE:RBLX opened at $102.18 on Thursday. Roblox Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The business has a 50-day simple moving average of $129.22 and a two-hundred day simple moving average of $110.29. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $66.91 billion, a price-to-earnings ratio of -71.45 and a beta of 1.61.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned ($0.37) EPS. Roblox’s revenue was up 70.3% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

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.