Entropy Technologies LP cut its holdings in Roblox Corporation (NYSE:RBLX – Free Report) by 16.7% in the first quarter, Holdings Channel.com reports. The fund owned 77,272 shares of the company’s stock after selling 15,530 shares during the quarter. Entropy Technologies LP’s holdings in Roblox were worth $4,371,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in shares of Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after purchasing an additional 105 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after purchasing an additional 110 shares in the last quarter. NewEdge Advisors LLC increased its position 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 increased its position 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. 94.46% of the stock is owned by institutional investors.
Insider Transactions at Roblox
In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $57.69, for a total value of $961,461.54. Following the completion of the sale, the director owned 1,277,835 shares in the company, valued at approximately $73,718,301.15. This trade represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of Roblox stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the sale, the chief executive officer directly owned 852,214 shares in the company, valued at $38,588,249.92. The trade was a 5.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 161,983 shares of company stock worth $7,580,990. 10.05% of the stock is currently owned by insiders.
Roblox Stock Down 0.1%
Roblox (NYSE:RBLX – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company posted ($0.32) earnings per share. Roblox’s quarterly revenue was up 43.4% on a year-over-year basis. On average, equities analysts predict that Roblox Corporation will post -1.39 EPS for the current year.
Roblox announced that its board has authorized a share buyback program on Tuesday, May 19th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Key Stories 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
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Seaport Research Partners cut Roblox to a “neutral” rating in a research report on Monday, June 29th. HSBC lowered Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Roblox in a report on Wednesday, July 15th. BMO Capital Markets raised Roblox from an “outperform” rating to an “outperform” rating in a research report on Monday, June 29th. Finally, Roth Capital set a $65.00 price target on Roblox in a report on Tuesday, May 5th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.85.
Get Our Latest Analysis on RBLX
About Roblox
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.
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