Roblox Corporation $RBLX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Roblox Corporation (NYSE:RBLX) by 45.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,511,947 shares of the company’s stock after selling 2,130,908 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Roblox were worth $106,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of Roblox by 216.4% during the third quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company’s stock worth $253,885,000 after purchasing an additional 4,098,311 shares in the last quarter. Amundi grew its position in shares of Roblox by 83.7% during the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after acquiring an additional 2,631,074 shares during the last quarter. Spyglass Capital Management LLC purchased a new position in shares of Roblox during the first quarter worth approximately $44,116,000. Allspring Global Investments Holdings LLC grew its position in shares of Roblox by 379.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock worth $53,102,000 after acquiring an additional 729,379 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Roblox by 192.7% in the 1st quarter. Sei Investments Co. now owns 1,080,310 shares of the company’s stock valued at $61,102,000 after acquiring an additional 711,259 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Down 0.4%

NYSE RBLX opened at $42.81 on Tuesday. The stock has a market capitalization of $28.69 billion, a P/E ratio of -31.02 and a beta of 1.47. The firm has a 50-day moving average price of $46.43 and a 200 day moving average price of $52.48. Roblox Corporation has a 52-week low of $33.88 and a 52-week high of $113.60. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 29th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.11. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned ($0.37) EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities research analysts expect that Roblox Corporation will post -1.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RBLX shares. Wedbush reduced their price target on shares of Roblox from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday. TD Cowen lowered their price objective on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Oppenheimer reissued an “outperform” rating and set a $50.00 price objective (down from $82.00) on shares of Roblox in a research report on Friday, September 11th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research note on Sunday, October 11th. Finally, Weiss Ratings raised shares of Roblox from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.15.

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: B. Riley Financial raised its price target from $45 to $51 and maintained a “buy” rating, implying meaningful upside and signaling confidence in Roblox’s longer-term growth prospects.
• Positive Sentiment: Wolfe Research upgraded Roblox, adding support to the bullish view that the recent selloff may have created an attractive entry point. Roblox Upgraded at Wolfe Research
• Positive Sentiment: Morgan Stanley reiterated its “buy” rating, indicating that it continues to view Roblox’s platform, engagement potential and international expansion favorably. Morgan Stanley Keeps Their Buy Rating on Roblox
• Neutral Sentiment: Coverage of Roblox’s international revenue trends is assessing whether overseas growth can offset slower momentum in other areas. The analysis could influence Wall Street forecasts, but the available report does not identify a definitive change in estimates. Unlocking Roblox International Revenues
• Neutral Sentiment: DA Davidson cut its price target from $50 to $48 and kept a “neutral” rating, while JPMorgan reduced its target from $53 to $46 and also remained neutral. Both firms still see some upside, but their lower estimates point to more cautious expectations.
• Negative Sentiment: Citigroup lowered its target from $60 to $55, although it retained a “buy” rating. The reduction suggests analysts are trimming growth assumptions despite continued optimism about the business.
• Negative Sentiment: Recent Q3 coverage highlighted a year-over-year decline in daily users, a weaker holiday bookings forecast and expectations for negative adjusted EBITDA. Those concerns outweighed stronger quarterly bookings and a share-repurchase announcement, contributing to the stock’s recent decline. Is Roblox Undervalued After Its Q3 Update and Weak Holiday Outlook?

Insider Activity at Roblox

In other news, CFO Naveen Chopra sold 17,509 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $664,641.64. Following the sale, the chief financial officer owned 363,249 shares of the company’s stock, valued at $13,788,932.04. The trade was a 4.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO David Baszucki sold 52,568 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $1,995,481.28. Following the sale, the chief executive officer owned 799,646 shares in the company, valued at approximately $30,354,562.16. The trade was a 6.17% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 169,724 shares of company stock worth $6,659,063. 10.05% of the stock is currently owned by company insiders.

Roblox Company Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.