ExodusPoint Capital Management LP Makes New $10.86 Million Investment in Roblox Co. (NYSE:RBLX)

ExodusPoint Capital Management LP acquired a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 187,640 shares of the company’s stock, valued at approximately $10,857,000.

A number of other institutional investors have also modified their holdings of RBLX. Versant Capital Management Inc grew its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during 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 period. Rakuten Securities Inc. increased its holdings in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Down 9.2 %

Shares of NYSE:RBLX opened at $52.84 on Friday. The company’s fifty day moving average is $62.42 and its two-hundred day moving average is $55.86. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The stock has a market capitalization of $32.71 billion, a price-to-earnings ratio of -36.44 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $71.00 target price on shares of Roblox in a research note on Tuesday, March 18th. Citigroup lifted their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.23.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 947,666 shares of company stock valued at $61,513,341 over the last three months. Company insiders own 22.15% of the company’s stock.

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.