Bridgefront Capital LLC Purchases New Holdings in Roblox Co. (NYSE:RBLX)

Bridgefront Capital LLC purchased a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 22,375 shares of the company's stock, valued at approximately $1,295,000.

Several other hedge funds have also recently modified their holdings of the stock. World Investment Advisors LLC acquired a new stake in shares of Roblox in the 3rd quarter worth $204,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Roblox in the third quarter valued at approximately $533,000. Versant Capital Management Inc increased its position in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC raised its position in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Roblox in the fourth quarter worth approximately $927,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

Shares of NYSE RBLX traded down $0.42 during trading hours on Wednesday, reaching $70.35. 5,415,235 shares of the stock were exchanged, compared to its average volume of 8,029,143. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock's fifty day simple moving average is $60.31 and its 200 day simple moving average is $59.01. The firm has a market capitalization of $44.21 billion, a price-to-earnings ratio of -48.51 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the firm earned ($0.43) EPS. Roblox's revenue was up 30.6% on a year-over-year basis. Sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 19,525 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the transaction, the insider now directly owns 339,206 shares in the company, valued at $22,367,243.64. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $11,649,667.84. This represents a 50.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,164,386 shares of company stock valued at $146,492,013 over the last ninety days. 22.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RBLX. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Roth Mkm raised their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Moffett Nathanson downgraded 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $67.91.

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.