Roblox Co. (NYSE:RBLX) Stock Position Raised by Entropy Technologies LP

Entropy Technologies LP increased its stake in Roblox Co. (NYSE:RBLX) by 23.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,363 shares of the company’s stock after acquiring an additional 4,630 shares during the quarter. Entropy Technologies LP’s holdings in Roblox were worth $930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Roblox in the 4th quarter worth about $25,000. Washington Trust Advisors Inc. purchased a new position in shares of Roblox in the first quarter worth approximately $39,000. Blue Trust Inc. raised its holdings in shares of Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after acquiring an additional 912 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Roblox in the 1st quarter valued at approximately $52,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Roblox by 306.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock worth $56,000 after purchasing an additional 1,118 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on RBLX. Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and cut their target price for the company from $31.00 to $26.00 in a research note on Friday, May 10th. Benchmark reduced their price objective on Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Wolfe Research initiated coverage on Roblox in a research report on Tuesday. They set a “peer perform” rating for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 target price (down previously from $57.00) on shares of Roblox in a report on Monday, May 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $53.00 price target on shares of Roblox in a report on Monday, April 22nd. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $42.59.

Roblox Stock Performance

Shares of NYSE:RBLX traded down $1.28 during trading on Wednesday, reaching $40.00. The stock had a trading volume of 5,134,434 shares, compared to its average volume of 7,557,402. The stock has a fifty day simple moving average of $35.53 and a two-hundred day simple moving average of $38.21. 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 52 week low of $24.88 and a 52 week high of $47.20. The firm has a market capitalization of $23.65 billion, a price-to-earnings ratio of -21.51 and a beta of 1.59.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. The firm had revenue of $923.76 million for 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%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. As a group, analysts anticipate that Roblox Co. will post -1.67 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other news, Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total transaction of $456,040.00. Following the completion of the transaction, the director now directly owns 9,747,603 shares in the company, valued at $341,945,913.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Amy Marie Rawlings sold 3,910 shares of Roblox stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total transaction of $127,309.60. Following the sale, the chief accounting officer now directly owns 98,457 shares of the company’s stock, valued at $3,205,759.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the transaction, the director now owns 9,747,603 shares in the company, valued at $341,945,913.24. The disclosure for this sale can be found here. Insiders sold a total of 476,889 shares of company stock worth $17,506,145 in the last 90 days. 22.15% of the stock is 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.