Claro Advisors LLC Invests $205,000 in Roblox Co. (NYSE:RBLX)

Claro Advisors LLC acquired a new stake in Roblox Co. (NYSE:RBLX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,542 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also added to or reduced their stakes in RBLX. V Square Quantitative Management LLC bought a new position in shares of Roblox in the third quarter worth about $27,000. Frazier Financial Advisors LLC lifted its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc boosted its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Macquarie boosted their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their price objective on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Morgan Stanley upped their price target on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $56.62.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction 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 approximately $236,932,451.07. The trade was a 4.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now owns 129,295 shares in the company, valued at $7,409,896.45. This represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,254,601 shares of company stock worth $65,622,735 over the last quarter. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Up 2.3 %

NYSE:RBLX opened at $63.69 on Thursday. The firm has a fifty day simple moving average of $56.39 and a two-hundred day simple moving average of $47.12. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $64.43. The stock has a market capitalization of $38.69 billion, a price-to-earnings ratio of -38.84 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.

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.