12,250 Roblox Corporation $RBLX Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its position in shares of Roblox Corporation (NYSE:RBLX) by 247.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,196 shares of the company’s stock after buying an additional 12,250 shares during the period. Pinnacle Associates Ltd.’s holdings in Roblox were worth $729,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Roblox by 216.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company’s stock worth $253,885,000 after acquiring an additional 4,098,311 shares during the period. Amundi raised its stake in Roblox by 83.7% during the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after acquiring an additional 2,631,074 shares in the last quarter. Spyglass Capital Management LLC acquired a new position in Roblox during the first quarter worth about $44,116,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Roblox by 379.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock valued at $53,102,000 after purchasing an additional 729,379 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Roblox by 192.7% during the first quarter. Sei Investments Co. now owns 1,080,310 shares of the company’s stock worth $61,102,000 after buying an additional 711,259 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RBLX shares. Wells Fargo & Company downgraded Roblox from an “overweight” rating to a “cautious” rating in a report on Monday, October 12th. TD Cowen lowered their target price on Roblox from $49.00 to $40.00 and set a “hold” rating for the company in a report on Friday, July 31st. Citigroup dropped their target price on Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Raymond James Financial reiterated a “buy” rating on shares of Roblox in a research report on Friday, September 11th. Finally, Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Sunday, October 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.22.

Trending Headlines about Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Wedbush raised its price target for Roblox from $48 to $55 while maintaining a neutral rating. The revision reflects expectations that user activity remained more resilient than feared in the third quarter. Wedbush Roblox price target update
• Positive Sentiment: Earnings expectations have improved. Analysts see an 8.54% positive Earnings ESP, and recent estimate revisions suggest Roblox could beat expectations when it reports. The company is expected to post a quarterly loss of approximately $0.41 per share on $1.63 billion of revenue. Roblox earnings optimism
• Positive Sentiment: Roblox users reportedly held up better than expected in the third quarter, which could help support engagement metrics and reduce downside risk around the upcoming results. Roblox user trends and spending
• Neutral Sentiment: Roblox’s recent recommendation-system changes prioritize game quality and user retention over near-term spending. This strategy could improve long-term engagement, but it may temporarily reduce monetization growth. What is wrong with Roblox stock
• Negative Sentiment: Spending per user was likely below expectations. Even with resilient user numbers, weaker monetization could pressure bookings and revenue, limiting the benefit of strong engagement.
• Negative Sentiment: Bookings growth slowed sharply in the second quarter, while engagement cooled. Forecasts also call for year-over-year declines in both earnings and revenue, keeping the stock vulnerable if Roblox fails to demonstrate improved monetization.

Roblox Price Performance

RBLX stock opened at $53.00 on Friday. The company has a fifty day moving average price of $45.12 and a 200-day moving average price of $47.58. The company has a market capitalization of $35.51 billion, a P/E ratio of -37.06 and a beta of 1.47. Roblox Corporation has a 52-week low of $33.88 and a 52-week high of $134.67. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.08. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. Roblox’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. As a group, equities analysts expect that Roblox Corporation will post -1.39 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 52,568 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $1,995,481.28. Following the completion of the sale, the chief executive officer owned 799,646 shares of the company’s stock, valued at approximately $30,354,562.16. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Reinstra sold 17,934 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $680,774.64. Following the completion of the sale, the insider directly owned 398,064 shares of the company’s stock, valued at approximately $15,110,509.44. The trade was a 4.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 186,390 shares of company stock worth $7,283,371 over the last 90 days. Company insiders own 10.05% of the company’s stock.

Roblox Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.