55,400 Shares in Roblox Co. (NYSE:RBLX) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 55,400 shares of the company’s stock, valued at approximately $3,205,000.

A number of other large investors also recently made changes to their positions in RBLX. ValueAct Holdings L.P. increased its stake in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after buying an additional 7,835,921 shares during the period. FMR LLC grew its holdings in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of Roblox during the 3rd quarter valued at $107,491,000. Two Sigma Advisers LP raised its holdings in shares of Roblox by 32.9% during the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after acquiring an additional 1,452,900 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in Roblox by 663.6% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,261,050 shares of the company’s stock valued at $55,814,000 after purchasing an additional 1,095,908 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity

In other Roblox 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 value of $1,287,478.50. Following the sale, the insider now owns 339,206 shares of the company’s stock, valued at $22,367,243.64. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,055,604 shares of company stock valued at $65,216,044. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of NYSE RBLX opened at $62.69 on Friday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $38.09 billion, a P/E ratio of -43.24 and a beta of 1.46. The business’s 50 day moving average is $63.98 and its two-hundred day moving average is $52.17.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, equities analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

RBLX has been the topic of several research reports. Benchmark upped their target price on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Roth Mkm increased their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. Piper Sandler reiterated an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.