Baird Financial Group Inc. Increases Stock Position in Roblox Corporation $RBLX

Baird Financial Group Inc. grew its stake in shares of Roblox Corporation (NYSE:RBLX) by 5.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,192 shares of the company’s stock after buying an additional 342 shares during the period. Baird Financial Group Inc.’s holdings in Roblox were worth $419,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in RBLX. Gordian Capital Singapore Pte Ltd grew its stake in shares of Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Roblox by 819.0% during the 1st 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 1st quarter valued at $39,000. Headlands Technologies LLC acquired a new position in shares of Roblox during the 1st quarter valued at $57,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of Roblox during the 1st quarter valued at $58,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 454,963 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $100.61, for a total value of $45,773,827.43. Following the completion of the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $21,284,950.99. This represents a 68.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 150,000 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the completion of the transaction, the insider owned 389,489 shares of the company’s stock, valued at approximately $38,851,527.75. This trade represents a 27.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,993,861 shares of company stock worth $210,622,673. Insiders own 12.92% of the company’s stock.

Roblox Price Performance

RBLX opened at $132.88 on Thursday. The firm has a market cap of $85.71 billion, a price-to-earnings ratio of -92.92 and a beta of 1.62. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The company’s 50-day moving average price is $121.71 and its 200 day moving average price is $89.97. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last posted 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 return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted ($0.32) EPS. Roblox’s revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on RBLX. Morgan Stanley lifted their target price on shares of Roblox from $76.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Arete Research set a $116.00 target price on shares of Roblox in a report on Tuesday. Citigroup lifted their target price on shares of Roblox from $123.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Canaccord Genuity Group lifted their target price on shares of Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Bank of America boosted their price objective on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a report on Monday. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.16.

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.