Bryce Point Capital LLC Invests $1.72 Million in Roblox Co. (NYSE:RBLX)

Bryce Point Capital LLC purchased a new position in Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,755 shares of the company's stock, valued at approximately $1,722,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc grew its stake in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

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Roblox Trading Down 1.1 %

RBLX traded down $0.57 during trading hours on Monday, reaching $52.39. 3,640,216 shares of the company's stock traded hands, compared to its average volume of 8,977,802. The firm has a 50-day moving average price of $62.42 and a 200 day moving average price of $56.00. The firm has a market capitalization of $32.43 billion, a PE ratio of -36.17 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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 net margin of 25.97% and a negative return on equity of 665.98%. As a group, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent analyst reports. Citigroup raised their price target on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. Barclays cut 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. HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They set a "buy" rating and a $63.00 target price for the company. Finally, FBN Securities began coverage on shares of Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average target price of $64.23.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 21,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total value of $1,301,044.00. Following the completion of the transaction, the director now owns 6,589,757 shares of the company's stock, valued at $404,413,387.09. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 34,099 shares of the company'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 sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 947,666 shares of company stock valued at $61,513,341. 22.15% of the stock is currently owned by company 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.