Pallas Capital Advisors LLC Boosts Stake in Roblox Co. (NYSE:RBLX)

Pallas Capital Advisors LLC lifted its holdings in Roblox Co. (NYSE:RBLX) by 101.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,911 shares of the company’s stock after buying an additional 10,535 shares during the period. Pallas Capital Advisors LLC’s holdings in Roblox were worth $1,210,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in Roblox in the third quarter worth about $27,000. Frazier Financial Advisors LLC raised its holdings in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC grew its holdings in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares during the period. Finally, Huntington National Bank increased its position in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after buying an additional 770 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 55.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 44,888 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the sale, the insider now owns 573,266 shares of the company’s stock, valued at $34,401,692.66. This represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,254,601 shares of company stock valued at $65,622,735. Insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RBLX. Piper Sandler increased their price target on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays increased their target price on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $56.62.

Roblox Trading Down 0.8 %

Shares of RBLX stock opened at $61.31 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market cap of $37.25 billion, a P/E ratio of -37.38 and a beta of 1.43. The business has a 50-day moving average price of $56.17 and a two-hundred day moving average price of $46.94. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $63.58.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.45) EPS. Equities analysts anticipate that Roblox Co. will post -1.56 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.