New York State Common Retirement Fund Has $32.02 Million Position in Roblox Corporation $RBLX

New York State Common Retirement Fund raised its stake in Roblox Corporation (NYSE:RBLX) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 304,345 shares of the company’s stock after buying an additional 21,000 shares during the period. New York State Common Retirement Fund’s holdings in Roblox were worth $32,017,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RBLX. West Family Investments Inc. acquired a new position in shares of Roblox in the second quarter worth approximately $231,000. Williamson Legacy Group LLC bought a new position in Roblox during the 2nd quarter worth approximately $625,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Roblox by 16.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 113,892 shares of the company’s stock worth $11,975,000 after purchasing an additional 16,455 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Roblox in the 2nd quarter valued at $7,621,000. Finally, Tejara Capital Ltd bought a new stake in shares of Roblox in the 2nd quarter valued at $4,391,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of NYSE RBLX opened at $95.24 on Monday. The firm has a market capitalization of $62.37 billion, a P/E ratio of -66.60 and a beta of 1.61. The firm’s 50-day moving average price is $117.92 and its 200-day moving average price is $114.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 1-year low of $49.68 and a 1-year high of $150.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted ($0.37) EPS. The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 20,912 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the transaction, the insider directly owned 181,043 shares in the company, valued at $17,240,724.89. This trade represents a 10.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew D. Kaufman sold 20,867 shares of Roblox stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of the sale, the insider directly owned 239,775 shares of the company’s stock, valued at approximately $23,042,377.50. The trade was a 8.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 388,508 shares of company stock valued at $43,636,941. Company insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RBLX shares. Oppenheimer reissued an “outperform” rating and set a $150.00 target price on shares of Roblox in a research note on Friday, October 31st. Roth Capital reiterated a “neutral” rating and set a $146.00 price target on shares of Roblox in a report on Friday, October 17th. UBS Group set a $120.00 price objective on Roblox in a research report on Friday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $159.00 price objective on shares of Roblox in a research note on Friday, October 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $136.41.

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.