8,700 Shares in Roblox Co. (NYSE:RBLX) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,700 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank raised its stake in Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC lifted its holdings in shares of Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after buying an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Roblox during the fourth quarter worth $363,000. Silicon Valley Capital Partners grew its stake in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after acquiring an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after acquiring an additional 1,971 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on RBLX. Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Wells Fargo & Company lifted their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup increased their target price on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Trading Up 1.4 %

Shares of RBLX opened at $62.01 on Wednesday. The firm has a market capitalization of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a 50-day moving average of $63.53 and a 200 day moving average of $55.24.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 926,466 shares of company stock valued at $60,212,297. 22.15% of the stock is currently owned by corporate insiders.

Roblox 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.