Trajan Wealth LLC Purchases 16,315 Shares of Roblox Co. (NYSE:RBLX)

Trajan Wealth LLC increased its stake in Roblox Co. (NYSE:RBLX - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,836 shares of the company's stock after buying an additional 16,315 shares during the quarter. Trajan Wealth LLC owned approximately 0.05% of Roblox worth $13,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Roblox during the third quarter worth about $27,000. PARK CIRCLE Co acquired a new position in shares of Roblox during the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new stake in Roblox in the 2nd quarter valued at $33,000. Gilliland Jeter Wealth Management LLC lifted its holdings in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in Roblox during the 1st quarter valued at $39,000. 91.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the sale, the insider now directly owns 276,892 shares of the company's stock, valued at approximately $11,994,961.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Roblox news, insider Arvind Chakravarthy sold 592 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the transaction, the insider now directly owns 276,892 shares in the company, valued at approximately $11,994,961.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 779,341 shares of company stock worth $33,831,012 in the last 90 days. Insiders own 22.15% of the company's stock.

Roblox Price Performance

Shares of RBLX traded up $0.53 during mid-day trading on Wednesday, reaching $43.14. The company had a trading volume of 3,048,301 shares, compared to its average volume of 7,221,153. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of -24.78 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The company's 50 day simple moving average is $43.36 and its 200 day simple moving average is $39.12. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $48.43.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.39) by $0.07. The firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company's quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.46) earnings per share. Analysts expect that Roblox Co. will post -1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research analyst reports. Barclays increased their price objective on shares of Roblox from $35.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on shares of Roblox from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price objective on Roblox from $46.00 to $54.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Citigroup increased their target price on Roblox from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, Wedbush reissued an "outperform" rating and set a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $46.75.

Roblox Company Profile

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.