Friedenthal Financial Makes New $980,000 Investment in Roblox Corporation $RBLX

Friedenthal Financial bought a new stake in Roblox Corporation (NYSE:RBLX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 7,073 shares of the company’s stock, valued at approximately $980,000.

A number of other institutional investors have also added to or reduced their stakes in RBLX. AlphaQuest LLC boosted its position in Roblox by 220.7% in the first quarter. AlphaQuest LLC now owns 2,659 shares of the company’s stock worth $155,000 after purchasing an additional 1,830 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Roblox by 1.4% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 92,944 shares of the company’s stock worth $5,418,000 after acquiring an additional 1,273 shares during the period. Smartleaf Asset Management LLC boosted its stake in Roblox by 19.0% in the first quarter. Smartleaf Asset Management LLC now owns 2,498 shares of the company’s stock valued at $148,000 after acquiring an additional 399 shares during the last quarter. Comerica Bank grew its position in shares of Roblox by 89.9% during the 1st quarter. Comerica Bank now owns 13,566 shares of the company’s stock valued at $791,000 after acquiring an additional 6,421 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Roblox during the 1st quarter worth approximately $550,000. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 20,912 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total value of $1,991,449.76. Following the completion of the transaction, the insider owned 181,043 shares of the company’s stock, valued at $17,240,724.89. The trade was a 10.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the completion of the transaction, the director directly owned 266,008 shares of the company’s stock, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 443,404 shares of company stock valued at $45,687,339 in the last 90 days. 12.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RBLX. Raymond James Financial reissued an “outperform” rating and issued a $165.00 target price (up from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. B. Riley initiated coverage on Roblox in a research note on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price objective on the stock. BTIG Research cut their target price on shares of Roblox from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research note on Monday. Finally, Canaccord Genuity Group set a $160.00 price target on shares of Roblox in a research note on Thursday, October 30th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.88.

Roblox Stock Down 1.2%

RBLX opened at $81.03 on Wednesday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The firm has a market capitalization of $53.06 billion, a P/E ratio of -56.66 and a beta of 1.62. The company has a fifty day moving average price of $103.97 and a 200-day moving average price of $114.62.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.37) EPS. Equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.