Savant Capital LLC Boosts Stake in Roblox Corporation $RBLX

Savant Capital LLC increased its position in shares of Roblox Corporation (NYSE:RBLX) by 3.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,664 shares of the company’s stock after buying an additional 6,365 shares during the quarter. Savant Capital LLC’s holdings in Roblox were worth $18,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Roblox in the second quarter valued at $34,000. ORG Partners LLC acquired a new position in Roblox during the second quarter worth $33,000. Generali Asset Management SPA SGR acquired a new position in shares of Roblox during the 2nd quarter worth $40,000. Kiker Wealth Management LLC increased its holdings in Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after buying an additional 397 shares in the last quarter. Finally, SouthState Corp raised its holdings in Roblox by 232.1% during the second quarter. SouthState Corp now owns 435 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $112.99, for a total transaction of $677,940.00. Following the sale, the insider owned 266,642 shares in the company, valued at $30,127,879.58. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the completion of the transaction, the director owned 266,008 shares of the company’s stock, valued at $27,683,452.56. This trade represents a 19.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 249,119 shares of company stock worth $30,271,977 over the last three months. Insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Roth Capital reiterated a “neutral” rating and set a $146.00 price objective on shares of Roblox in a report on Friday, October 17th. Morgan Stanley set a $170.00 target price on shares of Roblox and gave the company an “overweight” rating in a report on Monday, October 13th. The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and increased their price target for the stock from $155.00 to $180.00 in a research note on Friday, October 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, October 14th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Roblox Stock Down 1.0%

Shares of Roblox stock opened at $101.22 on Friday. Roblox Corporation has a twelve month low of $47.95 and a twelve month high of $150.59. The stock has a market cap of $66.28 billion, a price-to-earnings ratio of -70.78 and a beta of 1.61. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The company has a fifty day moving average price of $128.70 and a 200 day moving average price of $110.23.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. The firm’s quarterly revenue was up 70.3% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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.