Candriam S.C.A. Acquires 3,991 Shares of Roblox Corporation $RBLX

Candriam S.C.A. raised its stake in shares of Roblox Corporation (NYSE:RBLX) by 11.9% in the second quarter, Holdings Channel.com reports. The firm owned 37,402 shares of the company’s stock after buying an additional 3,991 shares during the period. Candriam S.C.A.’s holdings in Roblox were worth $3,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in shares of Roblox in the second quarter valued at approximately $34,000. ORG Partners LLC bought a new stake in Roblox during the second quarter worth $33,000. Generali Asset Management SPA SGR purchased a new stake in Roblox in the 2nd quarter valued at $40,000. Kiker Wealth Management LLC lifted its stake in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after acquiring an additional 397 shares in the last quarter. Finally, SouthState Corp boosted its holdings in Roblox by 232.1% during the 2nd quarter. SouthState Corp now owns 435 shares of the company’s stock worth $46,000 after acquiring an additional 304 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares of the company’s stock, valued at $28,541,025.99. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were 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 approximately $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,416 shares of company stock valued at $38,124,641 in the last quarter. Insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of Roblox from a “neutral” rating to a “buy” rating and increased their target price for the company from $155.00 to $180.00 in a report on Friday, October 31st. Citigroup upped their price objective on shares of Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Benchmark reiterated a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Wells Fargo & Company dropped their target price on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, BTIG Research cut their target price on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. 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 company. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Roblox Stock Performance

Shares of RBLX stock opened at $102.25 on Friday. 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 $66.96 billion, a price-to-earnings ratio of -71.50 and a beta of 1.61. Roblox Corporation has a 52 week low of $47.95 and a 52 week high of $150.59. The firm’s 50-day simple moving average is $125.83 and its two-hundred day simple moving average is $112.22.

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

About Roblox

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.