Benjamin Edwards Inc. Reduces Stock Holdings in Roblox Corporation $RBLX

Group 1: Institutional Holdings - Benjamin Edwards Inc. decreased its position in Roblox Corporation by 28.8% during the third quarter, holding 21,948 shares worth $3,040,000 after selling 8,875 shares [2] - Several institutional investors made new purchases in Roblox during the second quarter, including Total Investment Management Inc. ($29,000), ORG Partners LLC ($33,000), Whipplewood Advisors LLC ($34,000), Generali Asset Management SPA SGR ($40,000), and Salomon & Ludwin LLC ($41,000) [2] - Hedge funds and institutional investors collectively own 94.46% of Roblox's stock [2] Group 2: Analyst Ratings and Price Targets - Barclays raised its price target for Roblox from $120.00 to $130.00, maintaining an "equal weight" rating [3][4] - Goldman Sachs upgraded Roblox from "neutral" to "buy," increasing the price objective from $155.00 to $180.00 [3][4] - Raymond James Financial reiterated an "outperform" rating with a target price of $165.00, up from $155.00 [3][4] - Macquarie increased its price target from $158.00 to $164.00, also giving an "outperform" rating [3][4] - Piper Sandler set a price objective of $130.00 [3][4] - The consensus rating for Roblox is "Moderate Buy" with a target price of $132.65, based on 18 buy ratings, 9 hold ratings, and 3 sell ratings [3][4] Group 3: Financial Performance - Roblox reported an EPS of ($0.37) for the quarter, beating estimates of ($0.44) by $0.07 [6] - The company's revenue for the quarter was $1.36 billion, below analyst estimates of $1.64 billion, but up 70.3% year-over-year [6] - Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70% [6] Group 4: Stock Performance and Metrics - Roblox's stock opened at $73.23, with a market capitalization of $47.95 billion and a P/E ratio of -51.21 [5] - The company has a current ratio of 0.96, a quick ratio of 0.96, and a debt-to-equity ratio of 2.54 [5] - Roblox's 12-month low is $50.10 and the high is $150.59, with a 50-day simple moving average of $91.01 and a 200-day simple moving average of $112.70 [5] Group 5: Insider Transactions - Insider Matthew D. Kaufman sold 20,867 shares at an average price of $96.10, totaling $2,005,318.70, resulting in an 8.01% decrease in ownership [7] - CEO David Baszucki sold 66,896 shares at an average price of $104.53, totaling $6,992,638.88 [7] - Insiders have sold a total of 497,300 shares worth $45,713,286 in the last ninety days, with corporate insiders owning 12.92% of the stock [7]