Inceptionr LLC Purchases Shares of 7,539 Roblox Corporation $RBLX

Inceptionr LLC acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,539 shares of the company's stock, valued at approximately $793,000.

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A number of other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its stake in Roblox by 10.8% during the first quarter. Allianz Asset Management GmbH now owns 39,599 shares of the company's stock valued at $2,308,000 after buying an additional 3,868 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Roblox by 9.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,048 shares of the company's stock worth $411,000 after acquiring an additional 633 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Roblox by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 34,183 shares of the company's stock valued at $1,993,000 after acquiring an additional 3,296 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of Roblox in the first quarter valued at $474,000. Finally, TD Asset Management Inc increased its position in Roblox by 4.7% in the first quarter. TD Asset Management Inc now owns 136,171 shares of the company's stock worth $7,937,000 after purchasing an additional 6,174 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Roth Capital reiterated a "neutral" rating and set a $146.00 price objective on shares of Roblox in a research report on Friday, October 17th. Piper Sandler set a $130.00 price target on shares of Roblox in a report on Friday, October 31st. Canaccord Genuity Group set a $160.00 price objective on Roblox in a research note on Thursday, October 30th. UBS Group set a $120.00 price objective on Roblox in a research report on Friday, October 31st. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $165.00 price objective (up from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.41.

• Why Roblox Stock Could Soar 75% After the Q3 Dip

Read Our Latest Research Report on Roblox

Insider Buying and Selling

In other news, insider Arvind Chakravarthy sold 20,912 shares of Roblox stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total transaction of $1,991,449.76. Following the completion of the sale, the insider owned 181,043 shares of the company's stock, valued at approximately $17,240,724.89. The trade was a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 20,867 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $96.10, for a total value of $2,005,318.70. Following the completion of the transaction, the insider directly owned 239,775 shares in the company, valued at approximately $23,042,377.50. This trade represents a 8.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,508 shares of company stock worth $43,636,941 over the last ninety days. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Performance

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Roblox stock opened at $92.88 on Thursday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $60.82 billion, a P/E ratio of -64.95 and a beta of 1.61. Roblox Corporation has a 1-year low of $48.61 and a 1-year high of $150.59. The company's 50-day moving average is $119.57 and its 200 day moving average is $113.55.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating 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 firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the firm posted ($0.37) earnings per share. The company'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. Research analysts forecast that Roblox Corporation will post -1.49 EPS for the current 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.

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