Roblox Corporation $RBLX Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC lowered its stake in shares of Roblox Corporation (NYSE:RBLX) by 61.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,152 shares of the company’s stock after selling 45,764 shares during the quarter. NorthRock Partners LLC’s holdings in Roblox were worth $2,962,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Yousif Capital Management LLC boosted its position in Roblox by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock worth $729,000 after purchasing an additional 127 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Roblox by 21.4% in 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 in the last quarter. Independent Wealth Network Inc. boosted its position in Roblox by 3.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company’s stock worth $409,000 after purchasing an additional 146 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company’s stock worth $775,000 after purchasing an additional 163 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC boosted its position in Roblox by 1.9% in the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 9,342 shares of the company’s stock worth $983,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 0.3%

Shares of RBLX opened at $126.77 on Monday. Roblox Corporation has a 52-week low of $39.30 and a 52-week high of $150.59. The company has a market capitalization of $81.77 billion, a PE ratio of -88.65 and a beta of 1.63. The stock has a fifty day simple moving average of $128.96 and a two-hundred day simple moving average of $101.70. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Raymond James Financial lowered Roblox from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Canaccord Genuity Group increased their target price on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Piper Sandler increased their target price on Roblox to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.84.

Insider Activity

In related news, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction 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 approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the sale, the chief executive officer directly owned 211,559 shares of the company’s stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,876 shares of company stock worth $48,196,989. 12.92% of the stock is currently owned by corporate insiders.

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.