Blueshift Asset Management LLC Has $3.51 Million Stake in Roblox Corporation $RBLX

Blueshift Asset Management LLC lifted its stake in Roblox Corporation (NYSE:RBLX) by 33.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,336 shares of the company’s stock after buying an additional 8,422 shares during the quarter. Roblox comprises 1.1% of Blueshift Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Blueshift Asset Management LLC’s holdings in Roblox were worth $3,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Lido Advisors LLC raised its stake in Roblox by 1.3% during the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock worth $897,000 after acquiring an additional 106 shares during the period. Emerald Advisers LLC lifted its stake in shares of Roblox by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 6,683 shares of the company’s stock valued at $703,000 after buying an additional 124 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of Roblox by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after buying an additional 127 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Roblox by 7.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,823 shares of the company’s stock worth $192,000 after buying an additional 132 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Roblox by 21.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock worth $84,000 after buying an additional 141 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RBLX. Morgan Stanley set a $170.00 price objective on Roblox and gave the company an “overweight” rating in a research report on Monday, October 13th. BTIG Research lowered their price target on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Roblox in a report on Thursday, September 4th. Piper Sandler set a $130.00 price objective on shares of Roblox in a research report on Friday, October 31st. Finally, Bank of America boosted their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.41.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total value of $8,997,780.00. Following the completion of the sale, the director directly owned 270,628 shares of the company’s stock, valued at $36,894,715.24. This trade represents a 19.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Naveen K. Chopra sold 19,424 shares of Roblox stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,849,747.52. Following the completion of the transaction, the chief financial officer owned 337,036 shares of the company’s stock, valued at approximately $32,095,938.28. This trade represents a 5.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 322,508 shares of company stock worth $35,536,101 in the last quarter. Company insiders own 12.92% of the company’s stock.

Roblox Trading Down 1.2%

RBLX stock opened at $93.86 on Tuesday. The firm has a fifty day moving average price of $117.06 and a 200 day moving average price of $114.15. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a market cap of $61.46 billion, a PE ratio of -65.64 and a beta of 1.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned ($0.37) earnings per share. Roblox’s quarterly revenue 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. Sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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.