1,693 Shares in Roblox Co. (NYSE:RBLX) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,693 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds have also recently made changes to their positions in the company. Natixis grew its holdings in Roblox by 394.6% in the first quarter. Natixis now owns 266,553 shares of the company’s stock worth $10,177,000 after purchasing an additional 212,660 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Roblox by 29.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 228,935 shares of the company’s stock worth $8,748,000 after purchasing an additional 51,893 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Roblox by 93.5% during the first quarter. UniSuper Management Pty Ltd now owns 6,000 shares of the company’s stock worth $229,000 after purchasing an additional 2,900 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Roblox during the first quarter worth $2,519,000. Finally, Covestor Ltd increased its position in shares of Roblox by 434.4% during the first quarter. Covestor Ltd now owns 1,726 shares of the company’s stock worth $66,000 after purchasing an additional 1,403 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 3,910 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares in the company, valued at approximately $3,205,759.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Michael Guthrie sold 22,076 shares of Roblox stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $718,794.56. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $12,198,050.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 3,910 shares of Roblox stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares of the company’s stock, valued at approximately $3,205,759.92. The disclosure for this sale can be found here. Insiders sold 476,889 shares of company stock worth $17,575,955 in the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox Price Performance

RBLX stock traded down $0.03 during mid-day trading on Friday, reaching $40.51. The company’s stock had a trading volume of 3,194,512 shares, compared to its average volume of 4,589,739. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The company’s 50 day moving average is $36.74 and its two-hundred day moving average is $38.12.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $923.76 million during the quarter, compared to the consensus estimate of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. Roblox’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.44) EPS. On average, sell-side analysts expect that Roblox Co. will post -1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. Macquarie initiated coverage on Roblox in a research report on Friday, June 14th. They set an “outperform” rating and a $46.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective on shares of Roblox in a report on Monday, April 22nd. Wells Fargo & Company boosted their price objective on shares of Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Wedbush dropped their price objective on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Finally, Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $26.00 in a report on Friday, May 10th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.59.

About Roblox

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.