Nisa Investment Advisors LLC substantially increased its holdings in Roblox Corp. The firm acquired a 303% larger stake, which now totals 45,117 shares. This institutional buying occurs as hedge funds and institutional investors already own nearly 95% of the company’s stock.
This institutional vote of confidence contrasts with recent heavy insider selling. Over the last 90 days, company insiders sold approximately 497,300 shares. These sales are valued at around $45.7 million.
The sellers include the Chief Financial Officer and other executives. This activity has created mixed sentiment for the stock among market watchers.