Alberta Investment Management Corp Purchases Shares of 55,400 Roblox Co. (NYSE:RBLX)

Alberta Investment Management Corp acquired a new stake in shares of Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 55,400 shares of the company’s stock, valued at approximately $3,205,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Frazier Financial Advisors LLC raised its position in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Huntington National Bank boosted its stake in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Roblox by 2,955.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after buying an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. BTIG Research upped their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark upped their target price on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup raised their price target on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Wedbush restated an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Insider Buying and Selling at Roblox

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares of the company’s stock, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,055,604 shares of company stock valued at $65,216,044. Company insiders own 22.15% of the company’s stock.

Roblox Stock Down 1.5 %

Shares of NYSE RBLX opened at $62.69 on Friday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $38.09 billion, a P/E ratio of -43.24 and a beta of 1.46. The firm has a 50 day moving average price of $63.98 and a 200 day moving average price of $52.17.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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%. Analysts expect that Roblox Co. will post -1.49 EPS for the current year.

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.