Atala Financial Inc Acquires New Stake in Roblox Co. (NYSE:RBLX)

Atala Financial Inc bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,111 shares of the company's stock, valued at approximately $2,899,000. Roblox makes up about 2.0% of Atala Financial Inc's holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. raised its stake in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the period. Versant Capital Management Inc increased its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

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Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Piper Sandler restated an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.19.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 916,367 shares of company stock valued at $59,700,949 in the last ninety days. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of NYSE:RBLX traded down $0.94 during trading on Tuesday, hitting $56.04. The stock had a trading volume of 4,832,680 shares, compared to its average volume of 7,625,730. 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 Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock has a 50-day simple moving average of $63.81 and a two-hundred day simple moving average of $54.57. The stock has a market capitalization of $34.69 billion, a price-to-earnings ratio of -38.64 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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, equities research analysts expect that Roblox Co. will post -1.49 earnings per share 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.