PDT Partners LLC Has $6.65 Million Stake in Roblox Co. (NYSE:RBLX)

PDT Partners LLC decreased its position in Roblox Co. (NYSE:RBLX) by 11.1% during the third quarter, HoldingsChannel reports. The firm owned 150,237 shares of the company’s stock after selling 18,790 shares during the quarter. Roblox comprises approximately 0.6% of PDT Partners LLC’s holdings, making the stock its 8th biggest position. PDT Partners LLC’s holdings in Roblox were worth $6,649,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Impact Partnership Wealth LLC grew its holdings in 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 buying an additional 245 shares during the last quarter. Swedbank AB increased its position in Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after acquiring an additional 285 shares during the period. Metis Global Partners LLC raised its stake in Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after purchasing an additional 288 shares during the last quarter. Thrive Wealth Management LLC boosted its holdings in Roblox by 4.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after purchasing an additional 300 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Roblox by 5.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of RBLX stock opened at $50.15 on Friday. The stock’s fifty day moving average is $46.35 and its 200-day moving average is $41.46. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $55.10. The stock has a market capitalization of $30.47 billion, a PE ratio of -30.58 and a beta of 1.56.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BTIG Research increased their target price on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and set a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Benchmark upped their target price on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays increased their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Insiders Place Their Bets

In other Roblox news, insider Manuel Bronstein sold 15,380 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00. Following the completion of the sale, the insider now directly owns 712,105 shares of the company’s stock, valued at approximately $32,044,725. The trade was a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 3,443 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at $15,881,508.44. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,013,607 shares of company stock valued at $48,434,122. 22.15% of the stock is currently owned by corporate insiders.

Roblox Company Profile

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.