Ninety One SA PTY Ltd Sells 17,235 Shares of Roblox Corporation $RBLX

Ninety One SA PTY Ltd cut its stake in shares of Roblox Corporation (NYSE:RBLX) by 40.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,702 shares of the company’s stock after selling 17,235 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Roblox were worth $2,703,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Wealth Enhancement Advisory Services LLC grew its stake 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 buying an additional 23,431 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Roblox by 10,945.9% in the 1st 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 in the last quarter. Rhumbline Advisers boosted its holdings in shares of Roblox by 1.7% in the 1st quarter. Rhumbline Advisers now owns 761,475 shares of the company’s stock worth $44,386,000 after acquiring an additional 12,900 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Roblox by 271.5% in the 1st 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox in the 1st quarter valued at $39,000. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays raised 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. Wolfe Research raised shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Friday, August 22nd. Wedbush reiterated an “outperform” rating and set a $165.00 target price on shares of Roblox in a research report on Thursday, September 4th. Piper Sandler upped their target price on shares of Roblox to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial cut shares of Roblox from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.24.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.20, for a total value of $805,200.00. Following the completion of the sale, the insider directly owned 275,015 shares of the company’s stock, valued at $36,907,013. This represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 306,876 shares of company stock worth $39,004,569. Corporate insiders own 12.92% of the company’s stock.

Roblox Trading Down 1.9%

RBLX opened at $138.87 on Wednesday. The firm has a 50 day simple moving average of $128.19 and a 200 day simple moving average of $97.61. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The company has a market cap of $89.57 billion, a price-to-earnings ratio of -97.11 and a beta of 1.62.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate 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 business 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) EPS. The business’s revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox 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.