Roblox Corporation $RBLX is Trajan Wealth LLC’s 10th Largest Position

Trajan Wealth LLC raised its position in Roblox Corporation (NYSE:RBLX) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,894 shares of the company’s stock after buying an additional 12,871 shares during the quarter. Roblox comprises about 2.1% of Trajan Wealth LLC’s holdings, making the stock its 10th largest position. Trajan Wealth LLC owned about 0.05% of Roblox worth $48,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. Vanguard Group Inc. lifted its holdings in Roblox by 5.6% during 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. State Street Corp raised its position in shares of Roblox by 6.3% in the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after purchasing an additional 708,838 shares during the period. Geode Capital Management LLC lifted its stake in shares of Roblox by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after buying an additional 834,230 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Roblox by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock worth $948,222,000 after buying an additional 261,984 shares during the period. Finally, Franklin Resources Inc. grew its stake in Roblox by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock valued at $667,457,000 after buying an additional 570,018 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $62.01 on Monday. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. 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 PE ratio of -40.00 and a beta of 1.63. The stock has a 50-day moving average price of $75.41 and a 200-day moving average price of $103.50.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business 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%. Roblox’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period last year, the firm posted ($0.33) earnings per share. As a group, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company’s stock, valued at $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 758,310 shares of company stock valued at $57,121,581. 12.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research report on Tuesday, January 20th. Morgan Stanley dropped their price objective on Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. UBS Group set a $74.00 target price on Roblox in a report on Friday, February 6th. Oppenheimer decreased their price target on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Wells Fargo & Company set a $97.00 price objective on shares of Roblox in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

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.