Schubert & Co Trims Stake in Roblox Corporation $RBLX

Schubert & Co reduced its position in Roblox Corporation (NYSE:RBLX) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,439 shares of the company’s stock after selling 183 shares during the quarter. Schubert & Co’s holdings in Roblox were worth $677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RBLX. GAMMA Investing LLC raised its position in Roblox by 89.5% in the 1st quarter. GAMMA Investing LLC now owns 2,274 shares of the company’s stock worth $133,000 after purchasing an additional 1,074 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Roblox by 138.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,086 shares of the company’s stock worth $8,107,000 after acquiring an additional 80,804 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Roblox by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 26,234 shares of the company’s stock worth $1,529,000 after acquiring an additional 727 shares during the period. Praxis Investment Management Inc. increased its position in shares of Roblox by 20.6% during the first quarter. Praxis Investment Management Inc. now owns 19,330 shares of the company’s stock worth $1,127,000 after acquiring an additional 3,300 shares during the period. Finally, Garde Capital Inc. purchased a new position in shares of Roblox during the first quarter worth approximately $66,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX stock opened at $132.81 on Friday. The firm has a market cap of $85.67 billion, a price-to-earnings ratio of -92.87 and a beta of 1.63. The company’s 50 day moving average is $129.30 and its 200 day moving average is $103.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 52-week low of $39.30 and a 52-week high of $150.59.

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

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 875 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm’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 transaction of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares of the company’s stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 366,876 shares of company stock valued at $47,485,929 over the last quarter. Insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RBLX shares. Arete Research set a $116.00 target price on shares of Roblox in a research report on Tuesday, September 9th. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 target price on the stock in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets raised their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.22.

About Roblox

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.