RAM Investment Partners LLC Invests $8.66 Million in Roblox Corporation $RBLX

RAM Investment Partners LLC purchased a new stake in Roblox Corporation (NYSE:RBLX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 62,482 shares of the company’s stock, valued at approximately $8,655,000. Roblox makes up about 1.6% of RAM Investment Partners LLC’s holdings, making the stock its 11th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of RBLX. Pilgrim Partners Asia Pte Ltd acquired a new stake in Roblox in the 3rd quarter valued at approximately $26,000. Total Investment Management Inc. bought a new stake in shares of Roblox in the 2nd quarter valued at about $29,000. ORG Partners LLC acquired a new stake in shares of Roblox in the second quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in Roblox during the 2nd quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Roblox during the third quarter worth $37,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Roblox news, CFO Naveen K. Chopra sold 19,424 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,849,747.52. Following the sale, the chief financial officer owned 337,036 shares of the company’s stock, valued at $32,095,938.28. This trade represents a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the sale, the insider owned 239,775 shares in the company, valued at $23,042,377.50. The trade was a 8.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 504,300 shares of company stock worth $46,290,436. Company insiders own 12.92% of the company’s stock.

Roblox Stock Performance

Shares of RBLX stock opened at $72.18 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The company has a market cap of $47.27 billion, a price-to-earnings ratio of -50.48 and a beta of 1.64. The firm has a 50 day moving average of $85.21 and a 200-day moving average of $110.64. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.37) earnings per share. On average, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research reports. Jefferies Financial Group set a $85.00 target price on shares of Roblox in a research note on Thursday, January 15th. Canaccord Genuity Group set a $160.00 target price on Roblox in a research report on Thursday, October 30th. UBS Group set a $155.00 price objective on shares of Roblox in a research note on Tuesday, January 13th. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price target (up from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $133.77.

Roblox Company 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.