Roblox Corporation (NYSE:RBLX) is Accredited Investors Inc.'s 9th Largest Position

Accredited Investors Inc. reduced its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 956,895 shares of the company's stock after selling 39,969 shares during the period. Roblox comprises about 3.5% of Accredited Investors Inc.'s investment portfolio, making the stock its 9th biggest position. Accredited Investors Inc. owned 0.15% of Roblox worth $55,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after buying an additional 161 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after acquiring an additional 163 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Roblox by 0.3% during the first quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock worth $4,518,000 after purchasing an additional 198 shares in the last quarter. Signaturefd LLC grew its stake in shares of Roblox by 3.8% during the first quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after purchasing an additional 225 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Trading Down 0.5%

Shares of RBLX stock traded down $0.56 on Thursday, reaching $118.07. The stock had a trading volume of 6,584,409 shares, compared to its average volume of 8,107,079. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $127.99. The company has a 50 day simple moving average of $99.93 and a 200 day simple moving average of $75.98.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the business posted ($0.43) earnings per share. The business's quarterly revenue was up 30.6% on a year-over-year basis. Equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBLX. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective on the stock. Citigroup increased their price target on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Roblox from $78.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, June 27th. Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and upped their price objective for the company from $81.00 to $130.00 in a report on Wednesday. Finally, Bank of America raised their target price on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, four 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.50.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 139,507 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the transaction, the chief executive officer owned 211,559 shares in the company, valued at $22,253,891.21. The trade was a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total transaction of $6,856,740.00. Following the transaction, the director owned 284,488 shares in the company, valued at $29,555,458.32. The trade was a 18.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,651,690 shares of company stock worth $593,440,562. Insiders own 12.92% of the company's stock.

About Roblox

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.