EntryPoint Capital LLC Invests $65,000 in Roblox Co. (NYSE:RBLX)

EntryPoint Capital LLC bought a new position in Roblox Co. (NYSE:RBLX) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,693 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Roblox in the fourth quarter worth approximately $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. increased its position in shares of Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after acquiring an additional 912 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Roblox in the first quarter worth approximately $52,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Roblox by 306.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock worth $56,000 after acquiring an additional 1,118 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

RBLX stock traded down $0.03 on Friday, reaching $40.51. 3,194,512 shares of the company were exchanged, compared to its average volume of 4,589,739. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The stock’s fifty day moving average price is $36.74 and its 200 day moving average price is $38.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. Roblox’s revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts anticipate that Roblox Co. will post -1.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea L. Wong sold 5,276 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $31.13, for a total transaction of $164,241.88. Following the transaction, the director now owns 26,319 shares of the company’s stock, valued at $819,310.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total value of $525,850.00. Following the sale, the director now owns 9,708,603 shares of the company’s stock, valued at approximately $392,712,991.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea L. Wong sold 5,276 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $31.13, for a total transaction of $164,241.88. Following the completion of the sale, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 476,889 shares of company stock valued at $17,575,955. 22.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RBLX shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 price objective (down from $57.00) on shares of Roblox in a research report on Monday, May 13th. The Goldman Sachs Group lowered their price objective on shares of Roblox from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price objective on shares of Roblox in a research report on Monday, April 22nd. Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $26.00 in a research report on Friday, May 10th. Finally, Canaccord Genuity Group lowered their price objective on shares of Roblox from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $42.59.

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.