Roblox Corporation $RBLX Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its holdings in Roblox Corporation (NYSE:RBLX) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,500 shares of the company’s stock after selling 11,400 shares during the quarter. Alberta Investment Management Corp’s holdings in Roblox were worth $5,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. NewEdge Advisors LLC increased its stake in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after acquiring an additional 231 shares during the period. Sivia Capital Partners LLC lifted its position in Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after purchasing an additional 5,363 shares during the period. Yousif Capital Management LLC boosted its holdings in Roblox by 1.9% in the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after purchasing an additional 127 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Roblox during the 2nd quarter worth about $359,000. Finally, Harbour Investments Inc. raised its stake in shares of Roblox by 60.5% during the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock valued at $58,000 after buying an additional 207 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Arvind Chakravarthy sold 40,646 shares of the company’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 can be accessed through this hyperlink. Also, insider Mark Reinstra sold 34,320 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,493,348.00. Following the completion of the sale, the insider owned 454,322 shares in the company, valued at approximately $33,006,493.30. The trade was a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 698,310 shares of company stock valued at $53,285,181 over the last three months. Company insiders own 12.92% of the company’s stock.

Roblox Trading Up 0.2%

Shares of RBLX opened at $63.10 on Thursday. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The stock has a market cap of $41.75 billion, a PE ratio of -40.71 and a beta of 1.63. The firm’s fifty day moving average is $76.53 and its two-hundred day moving average is $104.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the business earned ($0.33) earnings per share. The business’s revenue was up 122.6% compared to the same quarter last year. Research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RBLX shares. BTIG Research restated a “buy” rating and issued a $141.00 target price on shares of Roblox in a research note on Friday, February 6th. TD Cowen restated a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. Wells Fargo & Company set a $97.00 price objective on shares of Roblox in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of Roblox in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group dropped their price target on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.