AlpInvest Partners B.V. Acquires New Shares in Roblox Co. (NYSE:RBLX)

AlpInvest Partners B.V. acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,880 shares of the company's stock, valued at approximately $1,902,000. Roblox comprises about 2.0% of AlpInvest Partners B.V.'s portfolio, making the stock its 7th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Mariner LLC raised its position in Roblox by 20.7% in the fourth quarter. Mariner LLC now owns 79,251 shares of the company's stock valued at $4,586,000 after purchasing an additional 13,571 shares during the period. TT Capital Management LLC acquired a new position in Roblox during the 4th quarter worth about $370,000. Evolutionary Tree Capital Management LLC purchased a new position in Roblox during the 4th quarter valued at about $4,275,000. Covestor Ltd grew its position in Roblox by 26.4% in the 4th quarter. Covestor Ltd now owns 2,143 shares of the company's stock valued at $124,000 after acquiring an additional 448 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Roblox by 6.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 237,494 shares of the company's stock valued at $13,741,000 after acquiring an additional 14,200 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Mark Reinstra sold 24,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the sale, the insider now directly owns 281,161 shares of the company's stock, valued at $18,525,698.29. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now owns 204,261 shares of the company's stock, valued at $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,954 shares of company stock worth $56,936,331 over the last ninety days. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Up 1.1 %

Shares of NYSE RBLX traded up $0.67 on Friday, hitting $59.76. The company had a trading volume of 5,118,708 shares, compared to its average volume of 7,882,465. The firm has a market capitalization of $37.56 billion, a P/E ratio of -41.22 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The business has a 50 day moving average of $59.28 and a two-hundred day moving average of $56.68.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data 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 665.98%. As a group, equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. FBN Securities initiated coverage on Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective on the stock. Roth Mkm upped their price target on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company cut their target price on Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

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.