Candlestick Capital Management LP Makes New Investment in Roblox Corporation $RBLX

Candlestick Capital Management LP purchased a new stake in Roblox Corporation (NYSE:RBLX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 168,920 shares of the company’s stock, valued at approximately $23,399,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Roblox during the third quarter worth $26,000. Total Investment Management Inc. acquired a new stake in Roblox in the second quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Roblox in the third quarter valued at $37,000. Root Financial Partners LLC bought a new position in Roblox during the 3rd quarter worth $38,000. Finally, Salomon & Ludwin LLC bought a new position in Roblox during the 3rd quarter worth $41,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RBLX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Morgan Stanley lowered their price objective on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Canaccord Genuity Group cut their price objective on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. DA Davidson started coverage on shares of Roblox in a research report on Wednesday, March 4th. They set a “neutral” rating and a $65.00 target price for the company. Finally, UBS Group set a $74.00 price target on shares of Roblox in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell 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 $117.35.

Roblox Stock Up 0.2%

Shares of NYSE:RBLX opened at $56.42 on Friday. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average is $69.85 and its 200-day moving average is $97.43. The company has a market capitalization of $37.33 billion, a price-to-earnings ratio of -36.40 and a beta of 1.62.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm’s revenue was up 122.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) earnings per share. Equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 10,834 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $61.63, for a total transaction of $667,699.42. Following the transaction, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at $49,337,218.57. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction 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 $22,322,656.95. The trade was a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 703,144 shares of company stock worth $51,681,640. Corporate insiders own 12.92% of the company’s stock.

Roblox Profile

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.