Roblox Corporation $RBLX Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its stake in Roblox Corporation (NYSE:RBLX) by 25.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 348,545 shares of the company’s stock after selling 115,873 shares during the period. Bank of Nova Scotia’s holdings in Roblox were worth $19,714,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Baird Financial Group Inc. raised its stake in Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after buying an additional 102 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after acquiring an additional 105 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after acquiring an additional 110 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Roblox by 1.3% in the 2nd quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock valued at $1,091,000 after acquiring an additional 138 shares during the last quarter. Finally, L2 Asset Management LLC increased its holdings in shares of Roblox by 5.9% in the 3rd quarter. L2 Asset Management LLC now owns 2,783 shares of the company’s stock valued at $386,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of several research reports. Barclays raised Roblox from an “equal weight” rating to an “outperform” rating in a research report on Monday, June 29th. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Roblox in a research note on Friday. TD Cowen raised shares of Roblox from a “sell” rating to a “hold” rating and dropped their target price for the stock from $54.00 to $49.00 in a report on Friday, May 1st. BMO Capital Markets upgraded shares of Roblox from an “outperform” rating to an “outperform” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Roblox in a report on Monday, June 29th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.85.

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Wedbush reaffirmed its Outperform rating on Roblox and kept a $65 price target, implying meaningful upside from current levels. Benzinga report on Wedbush rating reaffirmation
• Neutral Sentiment: Roblox remains scheduled to report earnings soon, keeping investors focused on user-growth trends, monetization, and management commentary around platform engagement. Roblox to Release Earnings on Thursday
• Neutral Sentiment: Several law firms issued updated notices about an existing securities class action, including expanded class-period reminders and approaching lead-plaintiff deadlines. These headlines add legal overhang, but they are largely procedural unless new allegations materially change the case. Roblox Deadline: RBLX Investors with Losses in Excess of $100K Have Opportunity to Lead Roblox Corporation Securities Fraud Lawsuit
• Negative Sentiment: Wedbush trimmed fiscal 2026 estimates, citing near-term user-growth pressure tied to age-verification friction that may be limiting platform access and slowing engagement. Roblox estimates trimmed by Wedbush ahead of second quarter results

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $44.97, for a total transaction of $749,470.02. Following the sale, the director owned 1,294,501 shares of the company’s stock, valued at $58,213,709.97. The trade was a 1.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the transaction, the chief executive officer owned 852,214 shares of the company’s stock, valued at $38,588,249.92. This trade represents a 5.61% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 161,983 shares of company stock worth $7,580,990. 10.05% of the stock is owned by company insiders.

Roblox Trading Down 0.1%

Roblox stock opened at $47.51 on Friday. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $31.91 billion, a price-to-earnings ratio of -30.07 and a beta of 1.41. The firm has a 50-day moving average price of $49.27 and a two-hundred day moving average price of $57.97.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. Roblox’s revenue was up 43.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) earnings per share. Sell-side analysts expect that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.