Acadian Asset Management LLC Reduces Stake in Roblox Corporation $RBLX

Acadian Asset Management LLC lowered its position in Roblox Corporation (NYSE:RBLX) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,359,745 shares of the company’s stock after selling 46,068 shares during the period. Acadian Asset Management LLC owned about 0.21% of Roblox worth $143,017,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RBLX. Rathbones Group PLC purchased a new position in Roblox in the second quarter worth about $358,000. Campbell & CO Investment Adviser LLC lifted its stake in shares of Roblox by 197.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 53,977 shares of the company’s stock worth $5,678,000 after purchasing an additional 35,857 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Roblox by 13.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 919,078 shares of the company’s stock worth $96,687,000 after buying an additional 108,895 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Roblox by 81.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 839,996 shares of the company’s stock worth $88,368,000 after buying an additional 376,447 shares during the last quarter. Finally, Aviva PLC grew its position in Roblox by 53.6% during the second quarter. Aviva PLC now owns 401,445 shares of the company’s stock valued at $42,232,000 after buying an additional 140,119 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity

In related news, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,520 shares of company stock valued at $30,523,122 in the last quarter. Company insiders own 12.92% of the company’s stock.

Roblox Stock Up 5.7%

Shares of RBLX opened at $107.09 on Friday. The business’s 50 day moving average is $128.35 and its 200 day moving average is $110.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 12-month low of $47.95 and a 12-month high of $150.59. The company has a market capitalization of $70.13 billion, a PE ratio of -74.89 and a beta of 1.61.

Roblox (NYSE:RBLX) last posted its quarterly earnings results 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. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the company posted ($0.37) EPS. The firm’s revenue for the quarter 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Friday, August 22nd. Barclays raised their target price on Roblox from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Canaccord Genuity Group set a $160.00 target price on Roblox in a research report on Thursday, October 30th. Cowen reissued a “sell” rating on shares of Roblox in a report on Monday, August 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $159.00 price target on shares of Roblox in a research report on Friday, October 31st. Twenty 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

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.