25,105 Shares in Roblox Co. (NYSE:RBLX) Acquired by Duality Advisers LP

Duality Advisers LP purchased a new stake in Roblox Co. (NYSE:RBLX) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 25,105 shares of the company’s stock, valued at approximately $1,148,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox in the 4th quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares during the period. Allworth Financial LP increased its holdings in shares of Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after acquiring an additional 587 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Roblox during the 4th quarter valued at about $58,000. Finally, Impact Partnership Wealth LLC lifted its stake in Roblox by 23.4% in the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock valued at $62,000 after buying an additional 403 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RBLX shares. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. BMO Capital Markets upped their price objective on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price target on shares of Roblox in a report on Monday. JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $48.00 in a research note on Tuesday. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Four investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 10,972 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $445,902.08. Following the completion of the sale, the chief financial officer now directly owns 233,629 shares in the company, valued at approximately $9,494,682.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Roblox news, CFO Michael Guthrie sold 10,972 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $445,902.08. Following the transaction, the chief financial officer now owns 233,629 shares in the company, valued at $9,494,682.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 699,374 shares of company stock valued at $29,183,298. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of Roblox stock opened at $36.30 on Wednesday. The company has a market cap of $21.46 billion, a P/E ratio of -19.41 and a beta of 1.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The business has a 50-day moving average price of $39.03 and a two-hundred day moving average price of $39.01. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.48) earnings per share. As a group, analysts anticipate that Roblox Co. will post -2.1 EPS for the current year.

About Roblox

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.