Aspen Capital Management LLC Buys New Position in Roblox Corporation $RBLX

Aspen Capital Management LLC bought a new stake in shares of Roblox Corporation (NYSE:RBLX) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,026 shares of the company’s stock, valued at approximately $739,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RBLX. ORG Partners LLC acquired a new stake in Roblox during the 2nd quarter worth about $33,000. Generali Asset Management SPA SGR acquired a new stake in Roblox during the 2nd quarter worth about $40,000. Kiker Wealth Management LLC raised its holdings in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after buying an additional 397 shares during the period. Fifth Third Bancorp raised its holdings in Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after buying an additional 298 shares during the period. Finally, Harbour Investments Inc. raised its holdings in Roblox by 60.5% during the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock worth $58,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Down 1.1%

RBLX opened at $127.85 on Friday. Roblox Corporation has a fifty-two week low of $41.50 and a fifty-two week high of $150.59. The business has a 50-day moving average of $129.77 and a 200-day moving average of $106.27. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $82.47 billion, a PE ratio of -89.41 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings results 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 return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned ($0.32) earnings per share. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America boosted their price objective on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roblox in a research note on Wednesday, October 8th. Arete Research set a $116.00 target price on Roblox in a research note on Tuesday, September 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 target price (up previously from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company lifted their target price on Roblox from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.22.

Insider Buying and Selling

In related news, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 366,876 shares of company stock valued at $47,485,929 over the last 90 days. 12.92% of the stock is currently owned by 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.