Roblox Corporation $RBLX Stock Position Decreased by Accredited Investors Inc.

Accredited Investors Inc. decreased its holdings in shares of Roblox Corporation (NYSE:RBLXFree Report) by 25.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,574 shares of the company’s stock after selling 129,364 shares during the quarter. Roblox makes up approximately 2.9% of Accredited Investors Inc.’s holdings, making the stock its 12th biggest holding. Accredited Investors Inc. owned 0.06% of Roblox worth $52,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Total Investment Management Inc. bought a new stake in shares of Roblox in the 2nd quarter worth approximately $29,000. ORG Partners LLC acquired a new stake in Roblox in the second quarter worth $33,000. Whipplewood Advisors LLC acquired a new stake in Roblox in the second quarter worth $34,000. Root Financial Partners LLC bought a new stake in Roblox in the third quarter valued at $38,000. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Roblox during the second quarter valued at $40,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RBLX. Macquarie increased their price objective on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Citigroup boosted their price objective on Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Roblox from $141.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $135.23.

Read Our Latest Research Report on RBLX

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 2,642 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $251,624.08. Following the completion of the sale, the chief accounting officer directly owned 46,452 shares of the company’s stock, valued at approximately $4,424,088.48. This represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Naveen K. Chopra sold 19,424 shares of Roblox stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the transaction, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. This trade represents a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 504,300 shares of company stock worth $46,290,436. 12.92% of the stock is owned by company insiders.

Roblox Stock Down 4.0%

NYSE RBLX opened at $75.70 on Thursday. The company has a market capitalization of $49.58 billion, a P/E ratio of -52.94 and a beta of 1.64. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company’s 50 day simple moving average is $87.44 and its 200 day simple moving average is $111.50. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLXGet Free Report) last announced its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned ($0.37) earnings per share. Roblox’s revenue for the quarter was up 70.3% compared to the same quarter last year. Equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Profile

(Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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