Roblox Corporation $RBLX Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Roblox Corporation (NYSE:RBLX) by 45.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,511,947 shares of the company’s stock after selling 2,130,908 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.37% of Roblox worth $106,431,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Roblox during the 3rd quarter worth approximately $63,000. Americana Partners LLC acquired a new stake in Roblox in the 3rd quarter valued at approximately $262,000. Parcion Private Wealth LLC raised its position in Roblox by 76.1% in the third quarter. Parcion Private Wealth LLC now owns 14,862 shares of the company’s stock valued at $630,000 after purchasing an additional 6,421 shares during the period. Soltis Investment Advisors LLC raised its position in Roblox by 66.0% in the third quarter. Soltis Investment Advisors LLC now owns 7,249 shares of the company’s stock valued at $307,000 after purchasing an additional 2,883 shares during the period. Finally, Brooklands Fund Management Ltd purchased a new stake in Roblox in the third quarter valued at approximately $29,028,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $42.87, for a total value of $714,471.42. Following the sale, the director owned 1,252,836 shares of the company’s stock, valued at $53,709,079.32. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Naveen Chopra sold 17,509 shares of Roblox stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $664,641.64. Following the completion of the transaction, the chief financial officer owned 363,249 shares of the company’s stock, valued at $13,788,932.04. The trade was a 4.60% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 169,724 shares of company stock worth $6,659,063 over the last ninety days. Company insiders own 10.05% of the company’s stock.

Key Roblox News

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: B. Riley Financial raised its price target from $45 to $51 and maintained a “buy” rating, implying meaningful upside and signaling confidence in Roblox’s longer-term growth prospects.
• Positive Sentiment: Wolfe Research upgraded Roblox, adding support to the bullish view that the recent selloff may have created an attractive entry point. Roblox Upgraded at Wolfe Research
• Positive Sentiment: Morgan Stanley reiterated its “buy” rating, indicating that it continues to view Roblox’s platform, engagement potential and international expansion favorably. Morgan Stanley Keeps Their Buy Rating on Roblox
• Neutral Sentiment: Coverage of Roblox’s international revenue trends is assessing whether overseas growth can offset slower momentum in other areas. The analysis could influence Wall Street forecasts, but the available report does not identify a definitive change in estimates. Unlocking Roblox International Revenues
• Neutral Sentiment: DA Davidson cut its price target from $50 to $48 and kept a “neutral” rating, while JPMorgan reduced its target from $53 to $46 and also remained neutral. Both firms still see some upside, but their lower estimates point to more cautious expectations.
• Negative Sentiment: Citigroup lowered its target from $60 to $55, although it retained a “buy” rating. The reduction suggests analysts are trimming growth assumptions despite continued optimism about the business.
• Negative Sentiment: Recent Q3 coverage highlighted a year-over-year decline in daily users, a weaker holiday bookings forecast and expectations for negative adjusted EBITDA. Those concerns outweighed stronger quarterly bookings and a share-repurchase announcement, contributing to the stock’s recent decline. Is Roblox Undervalued After Its Q3 Update and Weak Holiday Outlook?

Roblox Stock Down 0.4%

Roblox stock opened at $42.81 on Tuesday. The firm has a market capitalization of $28.69 billion, a P/E ratio of -31.02 and a beta of 1.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a twelve month low of $33.88 and a twelve month high of $113.60. The stock’s fifty day simple moving average is $46.43 and its 200-day simple moving average is $52.48.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.11. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the business posted ($0.37) earnings per share. Roblox’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts expect that Roblox Corporation will post -1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company cut Roblox from an “overweight” rating to a “cautious” rating in a research note on Monday, October 12th. Morgan Stanley dropped their price objective on Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Jefferies Financial Group cut Roblox from a “hold” rating to an “underperform” rating and set a $38.00 price objective for the company. in a research note on Monday, September 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Roblox in a report on Friday. Finally, B. Riley Financial increased their target price on Roblox from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.15.

Roblox Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.