Frank Rimerman Advisors LLC Takes $293,000 Position in Roblox Corporation $RBLX

Frank Rimerman Advisors LLC acquired a new position in Roblox Corporation (NYSE:RBLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,782 shares of the company’s stock, valued at approximately $293,000.

Several other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in Roblox by 2.5% in the first quarter. Victory Capital Management Inc. now owns 164,787 shares of the company’s stock worth $9,605,000 after acquiring an additional 3,971 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Roblox by 73.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,688 shares of the company’s stock worth $506,000 after purchasing an additional 3,685 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Roblox by 10.8% in the 1st quarter. Allianz Asset Management GmbH now owns 39,599 shares of the company’s stock worth $2,308,000 after purchasing an additional 3,868 shares during the period. Choreo LLC lifted its position in Roblox by 5.5% during the first quarter. Choreo LLC now owns 22,555 shares of the company’s stock valued at $1,315,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Roblox during the first quarter valued at about $1,345,000. 94.46% of the stock is currently owned by institutional investors.

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $101.48, for a total transaction of $608,880.00. Following the completion of the transaction, the insider owned 260,642 shares in the company, valued at $26,449,950.16. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total value of $6,868,620.00. Following the completion of the sale, the director directly owned 266,008 shares in the company, valued at approximately $27,683,452.56. The trade was a 19.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 297,297 shares of company stock valued at $34,932,463 over the last three months. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBLX. Cowen reaffirmed a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Citigroup raised their target price 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. Wells Fargo & Company dropped their price target on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Roth Capital restated a “neutral” rating and set a $146.00 target price on shares of Roblox in a research note on Friday, October 17th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Roblox Trading Down 6.1%

Roblox stock opened at $91.39 on Friday. Roblox Corporation has a 1 year low of $47.95 and a 1 year high of $150.59. The firm’s 50 day moving average price is $123.14 and its 200-day moving average price is $112.70. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $59.85 billion, a P/E ratio of -63.91 and a beta of 1.61.

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