Oak Ridge Investments LLC Takes Position in Roblox Corporation $RBLX

Oak Ridge Investments LLC purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,383 shares of the company’s stock, valued at approximately $461,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Roblox during the 2nd quarter valued at about $33,000. Larson Financial Group LLC increased its position in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock valued at $56,000 after purchasing an additional 298 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Roblox during the 1st quarter valued at about $57,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Roblox during the 1st quarter valued at about $58,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 0.3%

RBLX stock opened at $126.77 on Monday. Roblox Corporation has a 1-year low of $39.30 and a 1-year high of $150.59. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of -88.65 and a beta of 1.63. The business has a 50 day simple moving average of $128.96 and a two-hundred day simple moving average of $101.70.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company earned ($0.32) earnings per share. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on RBLX. Citigroup upped their price target on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Roblox from $153.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roblox in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $165.00 price objective on shares of Roblox in a research note on Thursday, September 4th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.84.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 111,112 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 372,876 shares of company stock valued at $48,196,989. 12.92% of the stock is owned by company insiders.

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.