Counterpoint Mutual Funds LLC Takes $762,000 Position in Roblox Co. (NYSE:RBLX)

Counterpoint Mutual Funds LLC purchased a new position in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,177 shares of the company’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares during the period. State Street Corp lifted its stake in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after buying an additional 240,565 shares during the period. Finally, ValueAct Holdings L.P. raised its holdings in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Up 1.4 %

RBLX stock opened at $56.51 on Monday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The firm has a market cap of $34.98 billion, a P/E ratio of -38.97 and a beta of 1.49. The business’s 50 day moving average is $63.91 and its 200-day moving average is $54.47. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) 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 anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. This represents a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 916,367 shares of company stock valued at $59,700,949. 22.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RBLX has been the topic of several research analyst reports. Raymond James reiterated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Roth Mkm upped their target price on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.19.

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.