ExodusPoint Capital Management LP Acquires New Holdings in Roblox Co. (NYSE:RBLX)

ExodusPoint Capital Management LP purchased a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 187,640 shares of the company's stock, valued at approximately $10,857,000.

Other large investors have also recently added to or reduced their stakes in the company. Grant Private Wealth Management Inc acquired a new stake in shares of Roblox in the fourth quarter valued at about $424,000. Bryce Point Capital LLC acquired a new position in shares of Roblox during the fourth quarter worth $1,722,000. Massachusetts Financial Services Co. MA acquired a new stake in Roblox during the 4th quarter valued at $60,690,000. Geode Capital Management LLC increased its stake in Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after buying an additional 246,610 shares during the period. Finally, National Bank of Canada FI boosted its position in Roblox by 358.5% in the 4th quarter. National Bank of Canada FI now owns 40,407 shares of the company's stock valued at $2,338,000 after buying an additional 31,594 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anthony P. Lee sold 250,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the transaction, the director now owns 6,254,137 shares of the company's stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,232,833 shares of company stock worth $76,827,466. Corporate insiders own 22.15% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on RBLX shares. The Goldman Sachs Group boosted their price target on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday. FBN Securities began coverage on Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price for the company. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Oppenheimer raised shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.22.

Roblox Stock Down 4.2 %

Shares of Roblox stock traded down $2.42 during midday trading on Thursday, reaching $54.89. 2,894,080 shares of the company's stock traded hands, compared to its average volume of 7,856,019. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company's 50 day simple moving average is $60.82 and its 200 day simple moving average is $56.13. The company has a market cap of $34.50 billion, a price-to-earnings ratio of -37.77 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.