Accredited Investors Inc. Sells 79,252 Shares of Roblox Co. (NYSE:RBLX)

Accredited Investors Inc. lowered its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,185,379 shares of the company's stock after selling 79,252 shares during the quarter. Roblox comprises 3.0% of Accredited Investors Inc.'s investment portfolio, making the stock its 14th biggest holding. Accredited Investors Inc. owned about 0.20% of Roblox worth $52,465,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Impact Partnership Wealth LLC grew its position in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock valued at $298,000 after purchasing an additional 245 shares during the period. Swedbank AB increased its position in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company's stock worth $1,983,000 after acquiring an additional 285 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Roblox by 5.0% in the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company's stock worth $266,000 after acquiring an additional 288 shares during the last quarter. Thrive Wealth Management LLC lifted its position in Roblox by 4.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company's stock valued at $274,000 after acquiring an additional 300 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Roblox by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company's stock valued at $296,000 after purchasing an additional 321 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Down 3.8 %

Shares of RBLX stock traded down $2.00 during mid-day trading on Friday, reaching $50.73. The stock had a trading volume of 9,122,580 shares, compared to its average volume of 9,755,301. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock's 50-day moving average price is $45.43 and its two-hundred day moving average price is $40.53. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) 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 analysts' expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted ($0.45) EPS. Equities research analysts expect that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the sale, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the completion of the sale, the director now owns 4,707,579 shares of the company's stock, valued at $236,932,451.07. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 987,373 shares of company stock valued at $44,831,579. Corporate insiders own 22.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Roth Mkm increased their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their price objective on Roblox from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Morgan Stanley raised shares of Roblox from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $65.00 in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.30.

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.