Renaissance Technologies LLC raised its position in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 7.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,126,134 shares of the company’s stock after purchasing an additional 497,625 shares during the quarter. Roblox makes up approximately 0.6% of Renaissance Technologies LLC’s investment portfolio, making the stock its 12th largest holding. Renaissance Technologies LLC’s holdings in Roblox were worth $403,054,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its position in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares during the period. Sunbelt Securities Inc. increased its position in shares of Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after buying an additional 105 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Roblox by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after buying an additional 110 shares during the period. NewEdge Advisors LLC raised its stake in Roblox by 1.3% during the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock worth $1,091,000 after buying an additional 138 shares during the last quarter. Finally, L2 Asset Management LLC raised its stake in Roblox by 5.9% during the third quarter. L2 Asset Management LLC now owns 2,783 shares of the company’s stock worth $386,000 after buying an additional 154 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
Roblox Trading Down 0.1%
Shares of Roblox stock opened at $47.51 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. Roblox Corporation has a 52 week low of $40.15 and a 52 week high of $150.59. The stock has a 50 day moving average price of $49.27 and a two-hundred day moving average price of $57.97. The stock has a market capitalization of $31.91 billion, a PE ratio of -30.07 and a beta of 1.41.
Roblox announced that its board has authorized a share buyback program on Tuesday, May 19th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Roblox news, insider Mark Reinstra sold 4,512 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $57.34, for a total transaction of $258,718.08. Following the transaction, the insider owned 422,248 shares in the company, valued at approximately $24,211,700.32. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sean Jack Buckley sold 4,744 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.36, for a total transaction of $219,931.84. Following the completion of the transaction, the insider directly owned 97,141 shares in the company, valued at $4,503,456.76. This trade represents a 4.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 161,983 shares of company stock worth $7,580,990 in the last quarter. Insiders own 10.05% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on RBLX shares. Roth Capital set a $65.00 price target on shares of Roblox in a research report on Tuesday, May 5th. Wolfe Research assumed coverage on Roblox in a report on Friday, May 1st. They set an “outperform” rating for the company. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $54.00 to $49.00 in a research report on Friday, May 1st. Oppenheimer started coverage on Roblox in a research note on Friday, May 1st. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC started coverage on Roblox in a research report on Monday, June 29th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $85.85.
View Our Latest Stock Analysis on Roblox
Key Headlines Impacting Roblox
Here are the key news stories impacting Roblox this week:
- Positive Sentiment: Wedbush reaffirmed its Outperform rating on Roblox and kept a $65 price target, implying meaningful upside from current levels. Benzinga report on Wedbush rating reaffirmation
- Neutral Sentiment: Roblox remains scheduled to report earnings soon, keeping investors focused on user-growth trends, monetization, and management commentary around platform engagement. Roblox to Release Earnings on Thursday
- Neutral Sentiment: Several law firms issued updated notices about an existing securities class action, including expanded class-period reminders and approaching lead-plaintiff deadlines. These headlines add legal overhang, but they are largely procedural unless new allegations materially change the case. Roblox Deadline: RBLX Investors with Losses in Excess of $100K Have Opportunity to Lead Roblox Corporation Securities Fraud Lawsuit
- Negative Sentiment: Wedbush trimmed fiscal 2026 estimates, citing near-term user-growth pressure tied to age-verification friction that may be limiting platform access and slowing engagement. Roblox estimates trimmed by Wedbush ahead of second quarter results
Roblox Profile
Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.
Roblox’s business model is built around its virtual economy and creator ecosystem.
Further Reading
- Five stocks we like better than Roblox
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLX – Free Report).
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.
