Stonekeep Investments LLC Purchases 727 Shares of Roblox Co. (NYSE:RBLX)

Stonekeep Investments LLC increased its position in shares of Roblox Co. (NYSE:RBLX) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,319 shares of the company’s stock after acquiring an additional 727 shares during the quarter. Stonekeep Investments LLC’s holdings in Roblox were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Roblox in the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC boosted its stake in Roblox by 20,800.0% in 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. GAMMA Investing LLC increased its holdings in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RBLX. JPMorgan Chase & Co. increased their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Wedbush reiterated an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Benchmark increased their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley lifted their price target on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.48.

Insider Buying and Selling

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the company’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 sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 166,668 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the sale, the chief executive officer now directly owns 135,755 shares in the company, valued at approximately $5,722,073.25. This represents a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,504,601 shares of company stock worth $81,882,735 in the last ninety days. 22.15% of the stock is owned by insiders.

Roblox Price Performance

NYSE:RBLX opened at $65.57 on Friday. The stock has a fifty day moving average of $57.12 and a 200 day moving average of $47.56. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $66.51. The firm has a market capitalization of $39.84 billion, a price-to-earnings ratio of -39.98 and a beta of 1.43. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.45) EPS. On average, research analysts expect that Roblox Co. will post -1.56 EPS 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.