ExodusPoint Capital Management LP Buys New Position in Roblox Co. (NYSE:RBLX)

ExodusPoint Capital Management LP purchased a new position in Roblox Co. (NYSE:RBLX) in the fourth quarter, HoldingsChannel reports. The firm purchased 187,640 shares of the company’s stock, valued at approximately $10,857,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Toronto Dominion Bank raised its position in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC raised its holdings in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Roblox during the fourth quarter valued at approximately $363,000. Silicon Valley Capital Partners boosted its holdings in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after buying an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Roth Mkm lifted their target price on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Benchmark reissued a “buy” rating and issued a $71.00 price target on shares of Roblox in a research note on Tuesday, March 18th. Wedbush restated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. Wells Fargo & Company raised their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Stock Down 9.2 %

Roblox stock opened at $52.84 on Friday. The company has a market capitalization of $32.71 billion, a P/E ratio of -36.44 and a beta of 1.49. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The firm’s fifty day simple moving average is $62.42 and its 200-day simple moving average is $55.86. 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 quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 947,666 shares of company stock valued at $61,513,341 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

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.