Pallas Capital Advisors LLC Has $1.21 Million Holdings in Roblox Co. (NYSE:RBLX)

Pallas Capital Advisors LLC boosted its position in shares of Roblox Co. (NYSE:RBLX) by 101.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,911 shares of the company’s stock after buying an additional 10,535 shares during the period. Pallas Capital Advisors LLC’s holdings in Roblox were worth $1,210,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RBLX. Versant Capital Management Inc boosted its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after buying an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Roblox by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after buying an additional 321 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Trading Down 0.8 %

NYSE:RBLX opened at $61.31 on Tuesday. The firm has a fifty day simple moving average of $56.17 and a two-hundred day simple moving average of $46.94. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $63.58. The stock has a market capitalization of $37.25 billion, a price-to-earnings ratio of -37.38 and a beta of 1.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) EPS. Analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the subject of several research analyst reports. Raymond James reissued a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark upped their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $56.62.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the completion of the sale, the director now directly owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value 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. The trade was a 55.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,254,601 shares of company stock valued at $65,622,735 over the last ninety days. 22.15% of the stock is owned by company insiders.

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.