Callan Family Office LLC Takes Position in Roblox Corporation $RBLX

Callan Family Office LLC purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) during the 2nd quarter, Holdings Channel reports. The fund purchased 7,362 shares of the company’s stock, valued at approximately $774,000.

Other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Roblox during the first quarter valued at $70,254,000. Fox Run Management L.L.C. lifted its stake in shares of Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after acquiring an additional 4,390 shares during the period. Moody Lynn & Lieberson LLC acquired a new position in shares of Roblox during the second quarter valued at $2,779,000. Long Corridor Asset Management Ltd acquired a new position in shares of Roblox during the first quarter valued at $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company’s stock valued at $2,096,000 after purchasing an additional 4,760 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Anthony P. Lee sold 111,112 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares of the company’s stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 372,876 shares of company stock valued at $48,196,989. 12.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley set a $170.00 price objective on Roblox and gave the company an “overweight” rating in a report on Monday. Oppenheimer reiterated an “outperform” rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Citigroup upped their price objective on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Wedbush reiterated an “outperform” rating and issued a $165.00 price objective on shares of Roblox in a report on Thursday, September 4th. Finally, Canaccord Genuity Group upped their price objective on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $126.84.

Roblox Stock Up 1.3%

NYSE:RBLX opened at $128.42 on Tuesday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $82.84 billion, a PE ratio of -89.80 and a beta of 1.63. Roblox Corporation has a 52-week low of $39.30 and a 52-week high of $150.59. The stock has a 50-day simple moving average of $128.92 and a 200 day simple moving average of $102.19.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted ($0.32) earnings per share. The firm’s quarterly revenue 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. On average, sell-side analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

About Roblox

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.