CenterBook Partners LP Makes New Investment in Roblox Corporation $RBLX

CenterBook Partners LP purchased a new stake in Roblox Corporation (NYSE:RBLX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,370 shares of the company’s stock, valued at approximately $1,436,000.

Other large investors have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Roblox during the 3rd quarter worth approximately $26,000. Total Investment Management Inc. acquired a new position in Roblox during the 2nd quarter valued at approximately $29,000. Whipplewood Advisors LLC bought a new position in Roblox during the 2nd quarter worth $34,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Roblox in the third quarter worth $37,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Roblox in the 3rd quarter worth about $38,000. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In related news, insider Arvind Chakravarthy sold 40,646 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 758,310 shares of company stock worth $57,121,581 over the last ninety days. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of Roblox stock opened at $62.01 on Friday. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock has a market cap of $41.02 billion, a PE ratio of -40.00 and a beta of 1.63. The business has a fifty day simple moving average of $75.41 and a 200-day simple moving average of $103.88.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the firm earned ($0.33) earnings per share. Roblox’s quarterly revenue was up 122.6% on a year-over-year basis. On average, sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. B. Riley Financial assumed coverage on Roblox in a research note on Tuesday, December 9th. They set a “buy” rating and a $125.00 target price on the stock. Wells Fargo & Company set a $97.00 target price on shares of Roblox in a report on Monday, February 9th. Piper Sandler restated an “overweight” rating and issued a $100.00 target price (down from $125.00) on shares of Roblox in a report on Friday, February 6th. Macquarie Infrastructure boosted their target price on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, Wolfe Research set a $100.00 price target on Roblox in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.44.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.