Friedenthal Financial Makes New Investment in Roblox Co. (NYSE:RBLX)

Friedenthal Financial bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,183 shares of the company's stock, valued at approximately $763,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of RBLX. V Square Quantitative Management LLC purchased a new stake in Roblox during the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC grew its position in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of 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 holdings in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its stake 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 acquiring an additional 770 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Roblox stock traded down $0.51 during mid-day trading on Monday, reaching $61.31. 7,359,279 shares of the company were exchanged, compared to its average volume of 6,352,512. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $63.58. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm's 50-day simple moving average is $56.17 and its two-hundred day simple moving average is $46.94. The firm has a market cap of $37.25 billion, a PE ratio of -37.38 and a beta of 1.43.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted ($0.45) EPS. Roblox's quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday. Wells Fargo & Company raised their price target on Roblox from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Benchmark increased their price objective on Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a "buy" rating and a $63.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.62.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 166,668 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares in the company, valued at approximately $5,722,073.25. This represents a 55.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 10,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $49.44, for a total transaction of $494,400.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company's stock, valued at approximately $17,444,607.36. This trade represents 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 sold 1,254,601 shares of company stock valued at $65,622,735. Corporate 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.