Regal Investment Advisors LLC Makes New $258,000 Investment in Roblox Co. (NYSE:RBLX)

Regal Investment Advisors LLC bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,457 shares of the company's stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust raised its position 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 buying an additional 230 shares during the period. Rakuten Securities Inc. raised its position in shares of 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 period. EverSource Wealth Advisors LLC lifted its holdings in Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the transaction, the chief executive officer now owns 221,983 shares in the company, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 926,954 shares of company stock worth $56,936,331. Insiders own 22.15% of the company's stock.

Roblox Stock Up 1.1 %

Shares of Roblox stock traded up $0.67 during trading hours on Friday, hitting $59.76. The company had a trading volume of 5,118,708 shares, compared to its average volume of 7,889,671. The company's 50-day moving average is $59.28 and its two-hundred day moving average is $56.88. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market cap of $37.56 billion, a P/E ratio of -41.22 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) earnings per share 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%. Analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RBLX. Benchmark reiterated a "buy" rating and set a $71.00 price target on shares of Roblox in a report on Tuesday, March 18th. Barclays lowered their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Oppenheimer raised Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a research report on Thursday, April 10th. Macquarie raised their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Needham & Company LLC raised their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox has an average rating of "Moderate Buy" and a consensus price target of $64.00.

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.