Roblox Corporation $RBLX Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. decreased its position in shares of Roblox Corporation (NYSE:RBLX) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505,938 shares of the company’s stock after selling 450,957 shares during the period. Roblox comprises approximately 3.1% of Accredited Investors Inc.’s holdings, making the stock its 11th biggest holding. Accredited Investors Inc. owned about 0.08% of Roblox worth $53,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in shares of Roblox during the second quarter worth about $34,000. ORG Partners LLC purchased a new position in Roblox in the second quarter valued at about $33,000. Generali Asset Management SPA SGR acquired a new stake in Roblox during the 2nd quarter valued at approximately $40,000. Kiker Wealth Management LLC increased its holdings in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after purchasing an additional 397 shares during the last quarter. Finally, SouthState Corp raised its position in shares of Roblox by 232.1% in the 2nd quarter. SouthState Corp now owns 435 shares of the company’s stock valued at $46,000 after purchasing an additional 304 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of NYSE:RBLX opened at $104.76 on Wednesday. Roblox Corporation has a 52 week low of $47.95 and a 52 week high of $150.59. The firm’s 50 day moving average is $127.50 and its two-hundred day moving average is $111.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $68.60 billion, a P/E ratio of -73.26 and a beta of 1.61.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and set a $165.00 price target (up previously from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Roth Capital reissued a “neutral” rating and issued a $146.00 target price on shares of Roblox in a research report on Friday, October 17th. Bank of America upped their target price on shares of Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, Piper Sandler set a $130.00 price target on Roblox in a research note on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $136.41.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of Roblox 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 transaction, the director owned 266,008 shares in the company, valued at $27,683,452.56. This represents a 19.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 257,520 shares of company stock worth $31,132,002 over the last three months. Corporate insiders own 12.92% of the company’s stock.

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.