Friedenthal Financial Acquires New Position in Roblox Co. (NYSE:RBLX)

Friedenthal Financial purchased a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 13,183 shares of the company’s stock, valued at approximately $763,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Roblox in the third quarter worth approximately $27,000. Frazier Financial Advisors LLC raised its holdings in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc boosted its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC raised its stake in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Manuel Bronstein sold 37,846 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.03, for a total value of $1,969,127.38. Following the sale, the insider now owns 674,259 shares of the company’s stock, valued at $35,081,695.77. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This represents a 2.34 % 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. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBLX. Wells Fargo & Company upped their price target on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark raised their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James reiterated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $56.62.

Roblox Stock Performance

Shares of NYSE:RBLX traded down $0.51 on Monday, reaching $61.31. The company’s stock had a trading volume of 7,339,425 shares, compared to its average volume of 6,168,800. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $63.58. The stock has a market capitalization of $37.25 billion, a P/E ratio of -37.38 and a beta of 1.43. The stock’s 50-day moving average is $55.94 and its two-hundred day moving average is $46.77. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS 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 net margin of 30.90% and a negative return on equity of 986.36%. Roblox’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.45) EPS. As a group, sell-side analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Roblox Company 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.