Forsta AP Fonden Purchases 12,100 Shares of Roblox Corporation $RBLX

Forsta AP Fonden lifted its position in shares of Roblox Corporation (NYSE:RBLX) by 12.5% in the 2nd quarter, Holdings Channel reports. The fund owned 108,900 shares of the company’s stock after buying an additional 12,100 shares during the quarter. Forsta AP Fonden’s holdings in Roblox were worth $11,456,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. ORG Partners LLC purchased a new stake in Roblox during the second quarter valued at about $33,000. Larson Financial Group LLC increased its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Roblox in the second quarter valued at approximately $34,000. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox during the 2nd quarter valued at approximately $40,000. Finally, Kiker Wealth Management LLC lifted its stake in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after buying an additional 397 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Piper Sandler set a $130.00 price objective on shares of Roblox in a research note on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Roblox in a research report on Friday, October 31st. Morgan Stanley set a $170.00 price objective on Roblox and gave the stock an “overweight” rating in a report on Monday, October 13th. Macquarie raised their target price on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $159.00 price target on shares of Roblox in a research report on Friday, October 31st. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 46,866 shares of the company’s stock, valued at $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the sale, the insider owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 324,416 shares of company stock worth $38,124,641. Company insiders own 12.92% of the company’s stock.

Roblox Price Performance

Roblox stock opened at $101.24 on Friday. The stock has a market cap of $66.30 billion, a price-to-earnings ratio of -70.80 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The business has a 50-day simple moving average of $126.34 and a 200 day simple moving average of $111.65. Roblox Corporation has a 52 week low of $47.95 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned ($0.37) earnings per share. Roblox’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast 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.