Cardinal Point Capital Management ULC Makes New Investment in Roblox Corporation $RBLX

Cardinal Point Capital Management ULC purchased a new position in shares of Roblox Corporation (NYSE:RBLX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,223 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Roblox by 89.5% during the first quarter. GAMMA Investing LLC now owns 2,274 shares of the company’s stock worth $133,000 after buying an additional 1,074 shares during the period. Janney Montgomery Scott LLC increased its stake 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 buying an additional 727 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Roblox by 5.9% during the first quarter. Asset Management One Co. Ltd. now owns 182,816 shares of the company’s stock worth $10,656,000 after buying an additional 10,172 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Roblox by 19.0% during the first quarter. Sequoia Financial Advisors LLC now owns 5,148 shares of the company’s stock worth $300,000 after buying an additional 823 shares during the period. Finally, Perpetual Ltd increased its stake in shares of Roblox by 127.8% during the first quarter. Perpetual Ltd now owns 35,962 shares of the company’s stock worth $2,096,000 after buying an additional 20,176 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX opened at $127.85 on Friday. The company has a market capitalization of $82.47 billion, a price-to-earnings ratio of -89.41 and a beta of 1.63. Roblox Corporation has a 52-week low of $41.50 and a 52-week high of $150.59. The stock has a 50 day moving average price of $129.77 and a 200 day moving average price of $106.27. 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 (NYSE:RBLX) last posted 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). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. Roblox’s revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer directly owned 46,866 shares of the company’s stock, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of the 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 of the company’s stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 366,876 shares of company stock valued at $47,485,929. 12.92% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on RBLX shares. Arete upgraded shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 target price on the stock in a research note on Tuesday, September 9th. BTIG Research upped their target price on shares of Roblox from $173.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. BMO Capital Markets upped their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Arete Research set a $116.00 price target on Roblox in a report on Tuesday, September 9th. Finally, Barclays upped their price target on Roblox from $62.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Twenty research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.22.

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.