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

Friedenthal Financial acquired a new stake in shares of Roblox Co. (NYSE:RBLXFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,183 shares of the company’s stock, valued at approximately $763,000.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Entropy Technologies LP boosted its position in Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC grew its stake in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Roblox by 12,971.4% in the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after purchasing an additional 51,626 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RBLX has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Piper Sandler raised their price objective on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Macquarie increased their price target on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Raymond James reissued a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.62.

Get Our Latest Analysis on RBLX

Roblox Price Performance

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

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for 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%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.45) earnings per share. Sell-side analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Insider Buying and Selling

In other news, CEO David Baszucki sold 333,334 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at $7,409,896.45. This represents a 72.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Guthrie sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $49.44, for a total transaction of $494,400.00. Following the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $17,444,607.36. The trade was a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,254,601 shares of company stock worth $65,622,735. Insiders own 22.15% of the company’s stock.

Roblox Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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