HighPoint Advisor Group LLC Has $550,000 Stake in Roblox Co. (NYSE:RBLX)

HighPoint Advisor Group LLC lessened its holdings in shares of Roblox Co. (NYSE:RBLX) by 25.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,509 shares of the company’s stock after selling 3,233 shares during the period. HighPoint Advisor Group LLC’s holdings in Roblox were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Wealthfront Advisers LLC increased its position in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. increased its holdings in shares of Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Ieq Capital LLC lifted its holdings in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, Norges Bank bought a new position in Roblox in the 4th quarter valued at $167,211,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of recent research reports. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Needham & Company LLC boosted their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Morgan Stanley raised their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Insider Buying and Selling

In related news, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the transaction, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at approximately $23,783,265.10. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. This trade represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is owned by insiders.

Roblox Stock Performance

RBLX opened at $61.61 on Thursday. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of -42.49 and a beta of 1.49. The business’s 50-day moving average price is $62.88 and its two-hundred day moving average price is $55.80. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

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.