AlpInvest Partners B.V. Reduces Stake in Roblox Co. (NYSE:RBLX)

AlpInvest Partners B.V. lowered its position in shares of Roblox Co. (NYSE:RBLX) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,826 shares of the company’s stock after selling 16,440 shares during the period. Roblox makes up approximately 4.0% of AlpInvest Partners B.V.’s portfolio, making the stock its 9th largest position. AlpInvest Partners B.V.’s holdings in Roblox were worth $11,268,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,419 shares during the period. Kodai Capital Management LP bought a new position in Roblox during the fourth quarter valued at approximately $6,805,000. SteelPeak Wealth LLC boosted its holdings in Roblox by 41.4% in the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after purchasing an additional 3,247 shares during the last quarter. Sei Investments Co. grew its position in Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after purchasing an additional 44,557 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Roblox by 319.6% during the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after buying an additional 21,533 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 3,443 shares of Roblox stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total value of $154,969.43. Following the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $15,881,508.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Michael Guthrie sold 3,443 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $15,881,508.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total value of $476,710.00. Following the transaction, the director now owns 9,721,603 shares of the company’s stock, valued at approximately $356,491,182.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 608,675 shares of company stock valued at $25,410,923. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Up 1.0 %

Shares of Roblox stock opened at $45.87 on Monday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The stock’s 50-day simple moving average is $41.20 and its 200-day simple moving average is $38.14.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. During the same period in the previous year, the firm earned ($0.46) EPS. The firm’s revenue was up 31.2% compared to the same quarter last year. As a group, research analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Benchmark raised their price target on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wolfe Research initiated coverage on Roblox in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group upped their price target on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays raised their price objective on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.40.

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.