Jupiter Asset Management Ltd. Purchases Shares of 70,260 Roblox Corporation $RBLX

Jupiter Asset Management Ltd. purchased a new stake in Roblox Corporation (NYSE:RBLX) during the second quarter, Holdings Channel reports. The fund purchased 70,260 shares of the company’s stock, valued at approximately $7,391,000.

Several other large investors have also recently made changes to their positions in RBLX. ORG Partners LLC acquired a new stake in Roblox in the 2nd quarter valued at approximately $33,000. Larson Financial Group LLC boosted its position in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after buying an additional 516 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Roblox in the second quarter valued at $34,000. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox in the 2nd quarter valued at $40,000. Finally, Kiker Wealth Management LLC lifted its stake in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after acquiring an additional 397 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBLX has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $159.00 target price on shares of Roblox in a research report on Friday, October 31st. Macquarie lifted their price objective on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Barclays upped their target price on shares of Roblox from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Bank of America raised their price target on shares of Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Finally, Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.41.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $101.48, for a total transaction of $608,880.00. Following the completion of the transaction, the insider directly owned 260,642 shares of the company’s stock, valued at approximately $26,449,950.16. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 2,401 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $104.60, for a total value of $251,144.60. Following the completion of the transaction, the insider owned 387,314 shares in the company, valued at approximately $40,513,044.40. The trade was a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,416 shares of company stock valued at $38,124,641 over the last quarter. Corporate insiders own 12.92% of the company’s stock.

Roblox Trading Down 3.0%

NYSE RBLX opened at $101.24 on Friday. Roblox Corporation has a 52 week low of $47.95 and a 52 week high of $150.59. The firm has a 50 day moving average of $126.34 and a two-hundred day moving average of $111.65. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $66.30 billion, a PE ratio of -70.80 and a beta of 1.61.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.07. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Roblox Corporation will post -1.49 EPS 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.