Roblox Corporation $RBLX Shares Sold by City State Bank

City State Bank reduced its position in Roblox Corporation (NYSE:RBLX) by 41.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,428 shares of the company’s stock after selling 1,000 shares during the quarter. City State Bank’s holdings in Roblox were worth $150,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Roblox in the 1st quarter valued at about $70,254,000. Fox Run Management L.L.C. grew its position in shares of Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock worth $709,000 after buying an additional 4,390 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new position in shares of Roblox during the second quarter worth about $2,779,000. Long Corridor Asset Management Ltd acquired a new position in shares of Roblox during the first quarter worth about $4,372,000. Finally, OMNI 360 Wealth Inc. grew its position in shares of Roblox by 69.9% during the second quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company’s stock worth $848,000 after buying an additional 3,315 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total value of $8,997,780.00. Following the completion of the sale, the director owned 270,628 shares in the company, valued at approximately $36,894,715.24. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer owned 211,559 shares of the company’s stock, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 366,876 shares of company stock valued at $47,485,929 in the last 90 days. Company insiders own 12.92% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $127.85 on Friday. 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 Corporation has a 52-week low of $41.50 and a 52-week high of $150.59. The stock has a 50 day moving average price of $129.77 and a 200 day moving average price of $106.66. The company has a market capitalization of $82.47 billion, a price-to-earnings ratio of -89.41 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm posted ($0.32) EPS. Roblox’s quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. BMO Capital Markets boosted their price objective on Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday, September 9th. Bank of America boosted their price objective on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Arete raised Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective for the company in a research report on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.22.

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.