Ninepoint Partners LP Acquires Shares of 9,356 Roblox Co. (NYSE:RBLX)

Ninepoint Partners LP acquired a new stake in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 9,356 shares of the company’s stock, valued at approximately $541,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC lifted its position in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc raised its position in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Roblox by 44.5% in the 4th 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 last quarter. Huntington National Bank raised its position in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RBLX shares. Benchmark lifted their price target on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Needham & Company LLC lifted their price target on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. Finally, Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Buying and Selling

In related news, CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00. Following the transaction, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 916,367 shares of company stock valued at $59,700,949. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Up 1.4 %

Shares of NYSE:RBLX opened at $56.51 on Friday. The stock has a 50 day moving average of $63.91 and a 200 day moving average of $54.40. The company has a market cap of $34.98 billion, a PE ratio of -38.97 and a beta of 1.49. 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 Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts expect 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.