Trajan Wealth LLC Has $18.71 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Trajan Wealth LLC boosted its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 323,390 shares of the company's stock after buying an additional 12,554 shares during the period. Roblox makes up about 1.0% of Trajan Wealth LLC's investment portfolio, making the stock its 27th largest position. Trajan Wealth LLC owned about 0.05% of Roblox worth $18,711,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares during the period. Parkside Financial Bank & Trust increased its stake in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the period. Rakuten Securities Inc. raised its holdings in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after buying an additional 271 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Stock Performance

NYSE:RBLX traded up $1.31 on Wednesday, hitting $63.46. The company's stock had a trading volume of 6,947,165 shares, compared to its average volume of 7,870,107. The stock has a fifty day moving average of $59.06 and a two-hundred day moving average of $57.08. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The firm has a market capitalization of $39.88 billion, a P/E ratio of -43.77 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RBLX shares. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating on the stock. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a report on Friday, February 7th. Morgan Stanley lowered their target price on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group boosted their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.50.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 902,954 shares of company stock worth $55,354,971. Corporate insiders own 22.15% of the company's stock.

Roblox 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.