Alberta Investment Management Corp Sells 16,400 Shares of Roblox Corporation $RBLX

Alberta Investment Management Corp trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX) by 23.7% in the second quarter, HoldingsChannel reports. The firm owned 52,900 shares of the company’s stock after selling 16,400 shares during the period. Alberta Investment Management Corp’s holdings in Roblox were worth $5,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stephens Inc. AR acquired a new stake in shares of Roblox in the first quarter valued at $290,000. Larson Financial Group LLC grew its holdings in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 shares during the last quarter. Victory Capital Management Inc. increased its position in Roblox by 2.5% in the 1st quarter. Victory Capital Management Inc. now owns 164,787 shares of the company’s stock valued at $9,605,000 after acquiring an additional 3,971 shares in the last quarter. Forum Financial Management LP raised its stake in shares of Roblox by 16.7% in the first quarter. Forum Financial Management LP now owns 4,504 shares of the company’s stock worth $263,000 after acquiring an additional 643 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Roblox by 73.7% during the first quarter. Kestra Private Wealth Services LLC now owns 8,688 shares of the company’s stock worth $506,000 after purchasing an additional 3,685 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 1.0%

Shares of NYSE:RBLX opened at $102.25 on Monday. The company has a 50 day moving average price of $125.83 and a two-hundred day moving average price of $112.54. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $66.96 billion, a PE ratio of -71.50 and a beta of 1.61. Roblox Corporation has a 52 week low of $47.95 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business earned ($0.37) EPS. The firm’s revenue was up 70.3% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the transaction, the director owned 266,008 shares in the company, valued at $27,683,452.56. The trade was a 19.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 66,896 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 324,416 shares of company stock valued at $38,124,641. Insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RBLX shares. Wells Fargo & Company lowered their price target on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Wolfe Research raised Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Piper Sandler set a $130.00 price target on Roblox in a research note on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roblox in a report on Wednesday, October 8th. Finally, BMO Capital Markets boosted their price objective on Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Roblox Profile

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.