Roblox Corporation (NYSE:RBLX) Stock Position Lifted by AlpInvest Partners B.V.

Key Points

• AlpInvest Partners B.V. increased its stake in Roblox Corporation (NYSE:RBLX) by 25%, owning 41,100 shares valued at approximately $2.4 million.
• Roblox reported a quarterly loss with earnings per share (EPS) of ($0.41), falling short of analyst estimates, but revenue increased by 50.5% year-over-year.
• Analysts have varying ratings for Roblox, with price targets ranging from $62 to $170, reflecting a mixed outlook for the company's stock.

AlpInvest Partners B.V. raised its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 25.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,100 shares of the company's stock after purchasing an additional 8,220 shares during the quarter. Roblox accounts for 3.7% of AlpInvest Partners B.V.'s investment portfolio, making the stock its 6th largest position. AlpInvest Partners B.V.'s holdings in Roblox were worth $2,396,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new position in Roblox in the fourth quarter valued at approximately $716,000. Wedbush Securities Inc. bought a new stake in shares of Roblox in the fourth quarter valued at $357,000. Cerity Partners LLC lifted its position in shares of Roblox by 21.1% during the 4th quarter. Cerity Partners LLC now owns 115,036 shares of the company's stock valued at $6,568,000 after buying an additional 20,063 shares during the last quarter. Invesco Ltd. grew its stake in shares of Roblox by 19.8% during the 4th quarter. Invesco Ltd. now owns 1,608,025 shares of the company's stock worth $93,040,000 after acquiring an additional 265,969 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Roblox in the 4th quarter worth about $24,217,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David Baszucki sold 687,500 shares of Roblox stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the sale, the chief executive officer owned 211,559 shares in the company, valued at $18,610,845.23. The trade was a 76.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 5,434,585 shares of company stock worth $516,227,822 over the last 90 days. 12.92% of the stock is currently owned by insiders.

Roblox Price Performance

RBLX opened at $134.28 on Thursday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. Roblox Corporation has a 1 year low of $36.07 and a 1 year high of $150.59. The stock's 50 day simple moving average is $107.85 and its 200 day simple moving average is $79.92. The firm has a market cap of $86.61 billion, a price-to-earnings ratio of -93.90 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. Roblox's revenue was up 50.5% on a year-over-year basis. During the same period last year, the business earned ($0.32) EPS. As a group, analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RBLX shares. Barclays boosted their price objective on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen lowered shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Morgan Stanley raised their price objective on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets lifted their price objective on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Piper Sandler boosted their target price on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.59.

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.

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