Sequoia Financial Advisors LLC Has $691,000 Stock Holdings in Roblox Corporation $RBLX

Sequoia Financial Advisors LLC grew its stake in shares of Roblox Corporation (NYSE:RBLX) by 27.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,571 shares of the company’s stock after purchasing an additional 1,423 shares during the period. Sequoia Financial Advisors LLC’s holdings in Roblox were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Total Clarity Wealth Management Inc. purchased a new stake in Roblox during the second quarter valued at about $260,000. Yousif Capital Management LLC raised its holdings in shares of Roblox by 1.9% during the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after acquiring an additional 127 shares during the period. Alta Advisers Ltd purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $309,000. CWM LLC boosted its stake in Roblox by 28.3% in the 2nd quarter. CWM LLC now owns 206,209 shares of the company’s stock worth $21,693,000 after purchasing an additional 45,496 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Roblox by 27.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 46,804 shares of the company’s stock worth $4,924,000 after purchasing an additional 10,138 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RBLX. Weiss Ratings restated a “sell (d-)” rating on shares of Roblox in a report on Wednesday, October 8th. Wedbush reissued an “outperform” rating and issued a $165.00 price objective on shares of Roblox in a research note on Thursday, September 4th. Wells Fargo & Company raised their price objective on Roblox from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Bank of America upped their target price on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, BTIG Research increased their price target on shares of Roblox from $173.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.22.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 875 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 211,559 shares of the company’s stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the completion of the transaction, the director owned 270,628 shares of the company’s stock, valued at approximately $36,894,715.24. This represents a 19.61% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

RBLX stock opened at $132.81 on Monday. 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 12 month low of $39.30 and a 12 month high of $150.59. The firm has a 50 day moving average of $129.30 and a two-hundred day moving average of $104.28. The company has a market capitalization of $85.67 billion, a price-to-earnings ratio of -92.87 and a beta of 1.63.

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

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.