Westfield Capital Management Co. LP Invests $120.04 Million in Roblox Corporation $RBLX

Westfield Capital Management Co. LP acquired a new stake in Roblox Corporation (NYSE:RBLX) during the second quarter, HoldingsChannel reports. The fund acquired 1,141,073 shares of the company’s stock, valued at approximately $120,041,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC acquired a new position in shares of Roblox in the second quarter valued at about $33,000. Larson Financial Group LLC boosted its holdings in Roblox by 819.0% in 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 period. Whipplewood Advisors LLC acquired a new position in shares of Roblox during the 2nd quarter worth approximately $34,000. Generali Asset Management SPA SGR bought a new position in shares of Roblox during the second quarter worth approximately $40,000. Finally, Kiker Wealth Management LLC boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, October 14th. Benchmark restated a “hold” rating on shares of Roblox in a research report on Friday, October 31st. Arete upgraded Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target for the company in a research note on Tuesday, September 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $159.00 target price on shares of Roblox in a report on Friday, October 31st. Finally, BTIG Research reduced their price target on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Insiders Place Their Bets

In related news, insider Mark Reinstra sold 2,401 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $104.60, for a total transaction of $251,144.60. Following the completion of the sale, the insider owned 387,314 shares in the company, valued at approximately $40,513,044.40. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 66,896 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total transaction of $6,992,638.88. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 297,297 shares of company stock valued at $34,932,463. 12.92% of the stock is owned by insiders.

Roblox Trading Down 4.3%

RBLX opened at $97.37 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 1-year low of $47.95 and a 1-year high of $150.59. The company has a fifty day moving average price of $123.97 and a two-hundred day moving average price of $112.85. The company has a market cap of $63.76 billion, a P/E ratio of -68.09 and a beta of 1.61.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company earned ($0.37) earnings per share. The business’s 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. Analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox 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.