Alberta Investment Management Corp Has $5.57 Million Holdings in Roblox Corporation $RBLX

Alberta Investment Management Corp trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX) by 23.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,900 shares of the company’s stock after selling 16,400 shares during the quarter. Alberta Investment Management Corp’s holdings in Roblox were worth $5,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of Roblox during the 2nd quarter valued at about $33,000. Larson Financial Group LLC boosted its position in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares during the period. Whipplewood Advisors LLC acquired a new position in Roblox during the second quarter valued at approximately $34,000. Generali Asset Management SPA SGR acquired a new position in Roblox during the second quarter valued at approximately $40,000. Finally, Kiker Wealth Management LLC raised its position in shares of Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after purchasing an additional 397 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total value of $6,868,620.00. Following the sale, the director owned 266,008 shares in the company, valued at approximately $27,683,452.56. The trade was a 19.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Reinstra sold 2,401 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $104.60, for a total transaction of $251,144.60. Following the completion of the sale, the insider directly owned 387,314 shares in the company, valued at approximately $40,513,044.40. The trade was a 0.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 324,416 shares of company stock worth $38,124,641 in the last quarter. Corporate insiders own 12.92% of the company’s stock.

Analyst Ratings Changes

RBLX has been the subject of several recent analyst reports. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective for the company in a report on Tuesday, September 9th. Roth Capital reissued a “neutral” rating and set a $146.00 target price on shares of Roblox in a research report on Friday, October 17th. Cowen reaffirmed a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Macquarie lifted their price objective on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley set a $170.00 target price on Roblox and gave the company an “overweight” rating in a research note on Monday, October 13th. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Roblox Stock Performance

NYSE:RBLX opened at $102.25 on Monday. The firm has a market capitalization of $66.96 billion, a PE ratio of -71.50 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 12-month low of $47.95 and a 12-month high of $150.59. The firm has a 50-day moving average price of $125.83 and a 200 day moving average price of $112.54.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned ($0.37) earnings per share. The company’s quarterly 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. Research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Company 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.