67,976 Shares in Roblox Co. (NYSE:RBLX) Purchased by Pathstone Family Office LLC

Pathstone Family Office LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLXFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 67,976 shares of the company’s stock, valued at approximately $1,969,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Van ECK Associates Corp grew its holdings in Roblox by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,334,876 shares of the company’s stock worth $38,658,000 after acquiring an additional 279,664 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Roblox by 27.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,603,169 shares of the company’s stock worth $46,428,000 after acquiring an additional 343,115 shares during the last quarter. Sepio Capital LP grew its holdings in Roblox by 3.0% during the 3rd quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after acquiring an additional 382 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Roblox by 20.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,153 shares of the company’s stock worth $207,000 after acquiring an additional 1,197 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Roblox by 9.4% during the 3rd quarter. Amalgamated Bank now owns 54,826 shares of the company’s stock worth $1,588,000 after acquiring an additional 4,692 shares during the last quarter. 69.92% of the stock is owned by institutional investors.

Insider Activity at Roblox

In other Roblox news, Director Gregory Baszucki sold 8,333 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares in the company, valued at $402,914,445.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Roblox news, CAO Amy Marie Rawlings sold 4,495 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.70, for a total transaction of $164,966.50. Following the completion of the transaction, the chief accounting officer now owns 97,753 shares in the company, valued at $3,587,535.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory Baszucki sold 8,333 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total transaction of $343,069.61. Following the transaction, the director now owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,272 shares of company stock worth $12,671,049. 27.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RBLX shares. BMO Capital Markets boosted their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James upped their price objective on shares of Roblox from $41.00 to $47.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 9th. Barclays raised shares of Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.00 to $46.00 in a research note on Thursday. Wells Fargo & Company initiated coverage on shares of Roblox in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $49.00 price objective on the stock. Finally, Wolfe Research raised shares of Roblox from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 17th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.05.

Check Out Our Latest Stock Report on Roblox

Roblox Stock Performance

RBLX opened at $44.40 on Friday. The firm has a 50-day moving average of $42.19 and a 200 day moving average of $35.63. The company has a debt-to-equity ratio of 8.38, a quick ratio of 1.06 and a current ratio of 1.06. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.65.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 652.99%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.48) earnings per share. As a group, sell-side analysts forecast that Roblox Co. will post -2.07 EPS for the current fiscal year.

Roblox Profile

(Free Report)

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

Further Reading

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Co. (NYSE:RBLXFree Report).

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.