Roblox Co. (NYSE:RBLX) Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. trimmed its holdings in Roblox Co. (NYSE:RBLX) by 6.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,185,379 shares of the company’s stock after selling 79,252 shares during the period. Roblox makes up approximately 3.0% of Accredited Investors Inc.’s holdings, making the stock its 14th largest holding. Accredited Investors Inc.’s holdings in Roblox were worth $52,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBLX. DekaBank Deutsche Girozentrale increased its stake in Roblox by 2.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after purchasing an additional 1,419 shares during the period. Entropy Technologies LP increased its position in Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after acquiring an additional 62,521 shares during the period. Dragoneer Investment Group LLC raised its stake in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in Roblox by 62.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after acquiring an additional 14,348 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Roblox by 319.6% in the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after purchasing an additional 21,533 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the sale, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The trade was a 4.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 987,373 shares of company stock worth $44,831,579 over the last three months. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent research reports. Barclays increased their price target on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Needham & Company LLC raised their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their price target on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Benchmark raised their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Roblox Trading Down 3.8 %

Shares of RBLX opened at $50.73 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day moving average of $45.43 and a two-hundred day moving average of $40.53.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.45) EPS. As a group, equities research analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

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.