Wedbush Securities Inc. Sells 2,501 Shares of Roblox Corporation $RBLX

Wedbush Securities Inc. reduced its stake in shares of Roblox Corporation (NYSE:RBLX) by 40.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,647 shares of the company’s stock after selling 2,501 shares during the quarter. Wedbush Securities Inc.’s holdings in Roblox were worth $384,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in Roblox by 69.5% in the 1st quarter. Cerity Partners LLC now owns 194,969 shares of the company’s stock valued at $11,365,000 after buying an additional 79,933 shares during the period. New York State Common Retirement Fund raised its stake in shares of Roblox by 3.9% during the first quarter. New York State Common Retirement Fund now owns 283,345 shares of the company’s stock valued at $16,516,000 after acquiring an additional 10,578 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Roblox in the first quarter valued at approximately $290,000. CWM LLC grew its stake in Roblox by 66.4% in the first quarter. CWM LLC now owns 160,713 shares of the company’s stock worth $9,368,000 after purchasing an additional 64,111 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Roblox by 17.3% in the first quarter. Bleakley Financial Group LLC now owns 13,092 shares of the company’s stock worth $763,000 after purchasing an additional 1,928 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the sale, the insider owned 278,642 shares in the company, valued at approximately $38,048,565.10. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company’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 $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 257,520 shares of company stock valued at $31,132,002. Company insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RBLX. Arete Research set a $116.00 target price on Roblox in a research report on Tuesday, September 9th. Raymond James Financial restated an “outperform” rating and issued a $165.00 price objective (up from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of Roblox in a report on Friday, October 31st. Citigroup boosted their price target on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $170.00 price target on shares of Roblox and gave the stock an “overweight” rating in a research report on Monday, October 13th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.41.

Roblox Stock Performance

Shares of Roblox stock opened at $104.76 on Wednesday. The company has a market capitalization of $68.60 billion, a PE ratio of -73.26 and a beta of 1.61. The company has a 50-day simple moving average of $127.50 and a two-hundred day simple moving average of $111.77. Roblox Corporation has a one year low of $47.95 and a one year high of $150.59. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm earned ($0.37) EPS. The company’s quarterly revenue 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. Research analysts expect that Roblox Corporation will post -1.49 EPS 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.