LGT Fund Management Co Ltd. Invests $4.96 Million in Roblox Corporation $RBLX

LGT Fund Management Co Ltd. acquired a new position in Roblox Corporation (NYSE:RBLX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,100 shares of the company’s stock, valued at approximately $4,955,000.

Several other institutional investors also recently modified their holdings of RBLX. GAMMA Investing LLC grew its stake in shares of Roblox by 10,945.9% in the first quarter. GAMMA Investing LLC now owns 132,551 shares of the company’s stock worth $7,726,000 after purchasing an additional 131,351 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of Roblox by 271.5% in the first quarter. Merit Financial Group LLC now owns 47,282 shares of the company’s stock worth $2,756,000 after purchasing an additional 34,554 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox in the first quarter worth $39,000. Sivia Capital Partners LLC bought a new stake in shares of Roblox in the first quarter worth $445,000. Finally, Wedmont Private Capital grew its stake in shares of Roblox by 37.4% in the first quarter. Wedmont Private Capital now owns 16,076 shares of the company’s stock worth $921,000 after purchasing an additional 4,376 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $122.91 on Friday. The firm’s 50-day moving average price is $128.89 and its 200-day moving average price is $98.85. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The firm has a market capitalization of $79.28 billion, a P/E ratio of -85.95 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company posted ($0.32) EPS. Roblox’s revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares in the company, valued at $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 366,876 shares of company stock worth $47,386,869 over the last three months. 12.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on RBLX shares. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective on the stock in a research note on Tuesday, September 9th. Cowen reaffirmed a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Wedbush reaffirmed an “outperform” rating and set a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Wall Street Zen cut shares of Roblox from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Arete Research set a $116.00 price target on shares of Roblox in a research report on Tuesday, September 9th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.72.

Roblox 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.