Pallas Capital Advisors LLC Grows Position in Roblox Co. (NYSE:RBLX)

Pallas Capital Advisors LLC raised its position in Roblox Co. (NYSE:RBLX - Free Report) by 101.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,911 shares of the company's stock after purchasing an additional 10,535 shares during the quarter. Pallas Capital Advisors LLC's holdings in Roblox were worth $1,210,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RBLX. Versant Capital Management Inc boosted 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 valued at $30,000 after purchasing an additional 239 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC increased its holdings in shares of 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 acquiring an additional 624 shares during the period. GAMMA Investing LLC raised its position in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its stake in shares of Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock worth $46,000 after purchasing an additional 770 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on RBLX. Raymond James reiterated a "strong-buy" rating and issued a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday. They set an "outperform" rating for the company. JPMorgan Chase & Co. raised their target price on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday. Wedbush reaffirmed an "outperform" rating and set a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Finally, Piper Sandler upped their price target on shares of Roblox from $54.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.62.

Roblox Price Performance

Shares of NYSE:RBLX traded up $0.83 during midday trading on Tuesday, reaching $62.20. 7,652,419 shares of the company's stock traded hands, compared to its average volume of 6,515,859. The company has a fifty day simple moving average of $56.39 and a two-hundred day simple moving average of $47.12. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $63.58. The company has a market cap of $37.79 billion, a P/E ratio of -37.93 and a beta of 1.43. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.45) earnings per share. Equities analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Guthrie sold 10,000 shares of Roblox stock in a transaction on 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 135,755 shares of the company's stock, valued at $5,722,073.25. This represents a 55.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,254,601 shares of company stock valued at $65,622,735 in the last 90 days. 22.15% of the stock is owned by insiders.

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.