Roblox Corporation $RBLX Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its position in Roblox Corporation (NYSE:RBLX) by 37.4% in the first quarter, Holdings Channel reports. The firm owned 1,459,230 shares of the company’s stock after selling 871,945 shares during the period. Voya Investment Management LLC’s holdings in Roblox were worth $84,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd lifted its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after acquiring an additional 240 shares during the period. Larson Financial Group LLC lifted its position in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox during the 1st quarter worth approximately $39,000. Headlands Technologies LLC acquired a new stake in Roblox during the 1st quarter worth approximately $57,000. Finally, TD Private Client Wealth LLC acquired a new stake in Roblox during the 1st quarter worth approximately $58,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Performance

NYSE RBLX opened at $133.42 on Friday. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The company has a market capitalization of $86.06 billion, a P/E ratio of -93.30 and a beta of 1.62. The business has a 50 day moving average price of $122.89 and a 200 day moving average price of $90.98. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

Roblox (NYSE:RBLX) last released its quarterly earnings data 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 net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned ($0.32) earnings per share. The business’s revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RBLX shares. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday. Wolfe Research raised Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Friday, August 22nd. Bank of America raised their price target on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a report on Monday, September 8th. Raymond James Financial cut Roblox from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $123.16.

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 111,112 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 454,963 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total value of $45,773,827.43. Following the transaction, the chief executive officer directly owned 211,559 shares of the company’s stock, valued at $21,284,950.99. The trade was a 68.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,993,861 shares of company stock valued at $210,622,673 in the last ninety days. Corporate insiders own 12.92% of the company’s stock.

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.