Okabena Investment Services Inc. Buys 3,532 Shares of Roblox Corporation $RBLX

Okabena Investment Services Inc. lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 21.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,740 shares of the company’s stock after purchasing an additional 3,532 shares during the quarter. Okabena Investment Services Inc.’s holdings in Roblox were worth $1,151,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd raised its stake in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares during the period. Larson Financial Group LLC increased its holdings in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox during the first quarter worth approximately $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox during the fourth quarter worth approximately $41,000. Finally, Headlands Technologies LLC bought a new position in shares of Roblox in the 1st quarter worth $57,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David Baszucki sold 687,500 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $18,610,845.23. The trade was a 76.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 4,935,047 shares of company stock valued at $478,661,185. Company insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Cowen reissued a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Morgan Stanley raised their price target on shares of Roblox from $76.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. BTIG Research set a $131.00 price objective on Roblox and gave the company a “buy” rating in a research note on Monday, July 28th. Wells Fargo & Company increased their target price on Roblox from $116.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Canaccord Genuity Group upped their target price on shares of Roblox from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Roblox Price Performance

RBLX stock opened at $123.15 on Thursday. 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 1 year low of $37.50 and a 1 year high of $150.59. The company has a market cap of $79.43 billion, a P/E ratio of -86.11 and a beta of 1.63. The firm has a 50-day moving average of $116.62 and a 200 day moving average of $85.56.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company’s revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS 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.