AlphaQuest LLC Sells 633 Shares of Roblox Corporation $RBLX

AlphaQuest LLC cut its stake in shares of Roblox Corporation (NYSE:RBLX) by 23.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,026 shares of the company’s stock after selling 633 shares during the quarter. AlphaQuest LLC’s holdings in Roblox were worth $213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. ORG Partners LLC bought a new position in shares of Roblox during the second quarter valued at $33,000. 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 worth $34,000 after buying an additional 516 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Roblox during the second quarter worth approximately $40,000. Kiker Wealth Management LLC increased its holdings in shares of Roblox by 2,646.7% during the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after buying an additional 397 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after buying an additional 298 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total value of $8,997,780.00. Following the transaction, the director directly owned 270,628 shares of the company’s stock, valued at approximately $36,894,715.24. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the completion of the transaction, the insider directly owned 272,642 shares in the company, valued at approximately $36,812,122.84. The trade was a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 249,994 shares of company stock valued at $32,176,737. 12.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on RBLX shares. Benchmark reaffirmed a “hold” rating on shares of Roblox in a report on Friday. Jefferies Financial Group lifted their price target on Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, October 14th. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Canaccord Genuity Group set a $160.00 price target on Roblox in a report on Thursday. Finally, Citigroup lifted their price target on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Twenty-one investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $130.68.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $113.35 on Monday. The stock has a market capitalization of $74.23 billion, a P/E ratio of -79.27 and a beta of 1.61. Roblox Corporation has a 1-year low of $47.95 and a 1-year high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The business has a 50-day moving average price of $130.41 and a two-hundred day moving average price of $109.70.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

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.