Strs Ohio Takes $836,000 Position in Roblox Corporation $RBLX

Strs Ohio acquired a new position in shares of Roblox Corporation (NYSE:RBLX) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,347 shares of the company’s stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox in the first quarter valued at $39,000. Headlands Technologies LLC purchased a new stake in shares of Roblox during the first quarter valued at $57,000. TD Private Client Wealth LLC acquired a new position in Roblox during the first quarter valued at $58,000. Finally, Garde Capital Inc. purchased a new position in Roblox during the 1st quarter valued at about $66,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 111,112 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 822,938 shares of company stock valued at $92,998,426 over the last 90 days. 12.92% of the stock is currently owned by insiders.

Roblox Price Performance

NYSE:RBLX opened at $135.24 on Friday. The stock’s 50-day simple moving average is $125.89 and its 200 day simple moving average is $93.53. The company has a market cap of $87.23 billion, a P/E ratio of -94.57 and a beta of 1.62. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on RBLX shares. JPMorgan Chase & Co. increased their price objective on Roblox from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Arete upgraded Roblox from a “sell” rating to a “neutral” rating and set a $116.00 target price for the company in a research note on Tuesday, September 9th. Barclays increased 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. Morgan Stanley raised their price objective on Roblox from $76.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Raymond James Financial downgraded Roblox from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $123.16.

Roblox Company 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.