Roblox Co. (NYSE:RBLX) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its stake in shares of Roblox Co. (NYSE:RBLX) by 1,084.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946,256 shares of the company’s stock after acquiring an additional 866,396 shares during the quarter. Point72 Asset Management L.P. owned about 0.16% of Roblox worth $35,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. PARK CIRCLE Co acquired a new stake in Roblox during the 2nd quarter worth $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox in the second quarter valued at $33,000. Gilliland Jeter Wealth Management LLC increased its stake in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the period. Washington Trust Advisors Inc. acquired a new position in Roblox in the first quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now owns 342,656 shares of the company’s stock, valued at $13,706,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David Baszucki sold 166,668 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $40.21, for a total value of $6,701,720.28. Following the completion of the transaction, the chief executive officer now directly owns 142,260 shares in the company, valued at $5,720,274.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at $13,706,240. The disclosure for this sale can be found here. Insiders sold a total of 792,341 shares of company stock valued at $33,923,126 over the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox Stock Down 5.8 %

Shares of NYSE RBLX opened at $44.86 on Friday. Roblox Co. has a 12-month low of $26.78 and a 12-month high of $48.43. The company has a market capitalization of $26.85 billion, a PE ratio of -24.12 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average is $42.29 and its two-hundred day moving average is $38.55.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. Equities analysts anticipate that Roblox Co. will post -1.59 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Macquarie lifted their price objective on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Finally, Citigroup boosted their price target on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.81.

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.