Ninepoint Partners LP Takes $541,000 Position in Roblox Co. (NYSE:RBLX)

Ninepoint Partners LP purchased a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,356 shares of the company’s stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Frazier Financial Advisors LLC boosted its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc increased its holdings 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 during the period. Parkside Financial Bank & Trust increased its holdings 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 during the period. Huntington National Bank increased its holdings 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 during the period. Finally, Rakuten Securities Inc. increased its holdings 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 during the period. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of analyst reports. CICC Research initiated coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Macquarie upped their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now owns 417,079 shares in the company, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 916,367 shares of company stock worth $59,700,949 over the last quarter. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Up 1.4 %

Shares of Roblox stock opened at $56.51 on Friday. 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 stock has a market capitalization of $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. The company’s 50 day moving average price is $63.91 and its 200-day moving average price is $54.40.

Roblox (NYSE:RBLX) last issued its 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 net margin of 25.97% and a negative return on equity of 665.98%. Equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current 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.