9,356 Shares in Roblox Co. (NYSE:RBLX) Bought by Ninepoint Partners LP

Ninepoint Partners LP purchased a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,356 shares of the company's stock, valued at approximately $541,000.

Other hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC grew its holdings in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc lifted its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Huntington National Bank lifted its stake in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock worth $46,000 after acquiring an additional 770 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on RBLX shares. Citigroup increased their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Raymond James reissued a "strong-buy" rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Macquarie increased their price target on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Wedbush reaffirmed an "outperform" rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Finally, Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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Insider Buying and Selling at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now directly owns 204,261 shares in the company, valued at $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 34,099 shares of Roblox 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 transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 950,466 shares of company stock worth $61,646,297. 22.15% of the stock is currently owned by insiders.

Roblox Stock Performance

Shares of RBLX stock traded down $0.15 during midday trading on Thursday, hitting $57.96. The company had a trading volume of 5,480,479 shares, compared to its average volume of 7,583,901. The company's 50 day simple moving average is $63.63 and its 200 day simple moving average is $54.68. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a market cap of $35.87 billion, a price-to-earnings ratio of -39.97 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 (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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%. Research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.