Accredited Investors Inc. Cuts Position in Roblox Co. (NYSE:RBLX)

Accredited Investors Inc. trimmed its holdings in shares of Roblox Co. (NYSE:RBLX) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 996,864 shares of the company’s stock after selling 188,515 shares during the period. Roblox comprises approximately 3.4% of Accredited Investors Inc.’s holdings, making the stock its 11th biggest holding. Accredited Investors Inc. owned 0.16% of Roblox worth $57,679,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 11.1 %

Shares of RBLX stock opened at $56.89 on Thursday. The company has a market capitalization of $35.75 billion, a P/E ratio of -39.23 and a beta of 1.49. The business’s 50 day moving average is $60.82 and its two-hundred day moving average is $56.13. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of several analyst reports. FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price target for the company. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Roblox in a research report on Tuesday, March 18th. Finally, Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average target price of $64.22.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now directly owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,232,833 shares of company stock worth $76,827,466. 22.15% of the stock is currently owned by corporate insiders.

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.