Institute for Wealth Management LLC. Sells 1,000 Shares of Roblox Corporation $RBLX

Institute for Wealth Management LLC. reduced its holdings in shares of Roblox Corporation (NYSE:RBLX) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,989 shares of the company’s stock after selling 1,000 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Roblox were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RBLX. Wealth Enhancement Advisory Services LLC lifted its holdings in Roblox by 67.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company’s stock worth $3,372,000 after acquiring an additional 23,431 shares during the period. GAMMA Investing LLC lifted its holdings in Roblox by 10,945.9% during the first quarter. GAMMA Investing LLC now owns 132,551 shares of the company’s stock worth $7,726,000 after acquiring an additional 131,351 shares during the period. Rhumbline Advisers lifted its holdings in Roblox by 1.7% during the first quarter. Rhumbline Advisers now owns 761,475 shares of the company’s stock worth $44,386,000 after acquiring an additional 12,900 shares during the period. Merit Financial Group LLC lifted its holdings in Roblox by 271.5% during the first quarter. Merit Financial Group LLC now owns 47,282 shares of the company’s stock worth $2,756,000 after acquiring an additional 34,554 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox during the first quarter worth $39,000. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the business’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 $773,001.57. Following the completion of the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $122.74, for a total value of $8,100,840.00. Following the transaction, the director owned 275,248 shares of the company’s stock, valued at approximately $33,783,939.52. The trade was a 19.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 300,876 shares of company stock worth $38,389,089 in the last 90 days. 12.92% of the stock is owned by company insiders.

Roblox Stock Performance

NYSE:RBLX opened at $134.38 on Thursday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The firm has a market cap of $86.68 billion, a price-to-earnings ratio of -93.97 and a beta of 1.63. The business’s fifty day moving average is $128.51 and its 200 day moving average is $97.86.

Roblox (NYSE:RBLX) last released 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter 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 year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. Cowen restated a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Barclays boosted their target price on Roblox from $62.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Arete Research set a $116.00 target price on Roblox in a research note on Tuesday, September 9th. Canaccord Genuity Group boosted their target price on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Wedbush restated an “outperform” rating and issued a $165.00 target price on shares of Roblox in a research note on Thursday, September 4th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.24.

Roblox Company Profile

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.