Trajan Wealth LLC Has $48.33 Million Stake in Roblox Corporation $RBLX

Trajan Wealth LLC grew its stake in shares of Roblox Corporation (NYSE:RBLX) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,894 shares of the company’s stock after buying an additional 12,871 shares during the quarter. Roblox accounts for approximately 2.1% of Trajan Wealth LLC’s portfolio, making the stock its 10th largest holding. Trajan Wealth LLC’s holdings in Roblox were worth $48,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in Roblox during the 2nd quarter valued at about $350,720,000. Vanguard Group Inc. lifted its position in Roblox by 5.6% in the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Roblox by 103.0% during the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock valued at $341,410,000 after purchasing an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Roblox by 47.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after purchasing an additional 1,531,380 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Roblox by 359.8% in the second quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock worth $191,295,000 after buying an additional 1,422,894 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RBLX. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. B. Riley Financial initiated coverage on shares of Roblox in a research note on Tuesday, December 9th. They set a “buy” rating and a $125.00 price objective for the company. Macquarie Infrastructure raised their target price on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. BTIG Research reaffirmed a “buy” rating and set a $141.00 price target on shares of Roblox in a research report on Friday, February 6th. Finally, UBS Group set a $74.00 price objective on Roblox in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $119.44.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the transaction, the insider owned 394,322 shares of the company’s stock, valued at $25,212,948.68. This trade represents a 13.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 272,269 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total value of $19,783,065.54. Following the completion of the sale, the chief executive officer directly owned 811,373 shares in the company, valued at $58,954,362.18. This trade represents a 25.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 758,310 shares of company stock valued at $57,121,581. 12.92% of the stock is currently owned by company insiders.

Roblox Price Performance

RBLX opened at $62.01 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The company has a market cap of $41.02 billion, a price-to-earnings ratio of -40.00 and a beta of 1.63. The stock has a fifty day simple moving average of $75.41 and a two-hundred day simple moving average of $103.50. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company’s revenue was up 122.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) EPS. Research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.