Advisors Asset Management Inc. Boosts Stake in Roblox Corporation $RBLX

Advisors Asset Management Inc. grew its position in shares of Roblox Corporation (NYSE:RBLX) by 6.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,323 shares of the company’s stock after acquiring an additional 192 shares during the period. Advisors Asset Management Inc.’s holdings in Roblox were worth $194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd grew its holdings 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 worth $32,000 after acquiring an additional 240 shares during the period. Larson Financial Group LLC grew 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 worth $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox during the 1st quarter worth approximately $39,000. Headlands Technologies LLC purchased a new stake in shares of Roblox in the 1st quarter worth approximately $57,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Roblox in the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RBLX. Wells Fargo & Company upped their price target on Roblox from $116.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Cowen restated a “sell” rating on shares of Roblox in a research note on Monday, August 18th. BMO Capital Markets upped their price target on Roblox from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Benchmark upped their price target on Roblox from $77.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on Roblox from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.16.

Roblox Stock Performance

RBLX stock opened at $133.42 on Friday. The stock has a market capitalization of $86.06 billion, a PE ratio of -93.30 and a beta of 1.62. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock’s 50 day simple moving average is $122.89 and its 200 day simple moving average is $90.98.

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 the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business’s revenue was up 50.5% compared to the same quarter last year. During the same period last year, the company posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other news, insider Mark Reinstra sold 150,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 389,489 shares of the company’s stock, valued at $38,851,527.75. This represents a 27.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 454,963 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $21,284,950.99. The trade was a 68.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,993,861 shares of company stock valued at $210,622,673. 12.92% of the stock is owned by corporate insiders.

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.