Allegiance Financial Group Advisory Services LLC Purchases Shares of 3,937 Roblox Co. (NYSE:RBLX)

Allegiance Financial Group Advisory Services LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,937 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares during the period. Smith Group Asset Management LLC grew its holdings in shares of Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Roblox during the 4th quarter worth about $363,000. Entropy Technologies LP grew its holdings in shares of Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares during the period. Finally, Silicon Valley Capital Partners grew its holdings in shares of Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBLX. BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. Macquarie upped their price target on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Canaccord Genuity Group upped 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Trading Up 0.5 %

Shares of RBLX stock opened at $59.71 on Thursday. The stock has a 50-day simple moving average of $64.01 and a 200 day simple moving average of $52.94. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock has a market capitalization of $36.96 billion, a P/E ratio of -41.18 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anthony P. Lee sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $51.19, for a total value of $1,279,750.00. Following the completion of the sale, the director now directly owns 5,706,695 shares of the company’s stock, valued at approximately $292,125,717.05. This represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at approximately $7,409,896.45. This represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,159,108 shares of company stock valued at $71,721,984 over the last three months. Insiders own 22.15% of the company’s stock.

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.