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

Trajan Wealth LLC raised its stake in shares of Roblox Co. (NYSE:RBLX) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 310,836 shares of the company’s stock after purchasing an additional 16,315 shares during the period. Trajan Wealth LLC owned 0.05% of Roblox worth $13,758,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of Roblox in the third quarter worth about $27,000. PARK CIRCLE Co bought a new position in shares of Roblox in the second quarter worth about $30,000. Strategic Financial Concepts LLC bought a new position in shares of Roblox in the second quarter worth about $33,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares during the period. Finally, Washington Trust Advisors Inc. bought a new position in shares of Roblox in the first quarter worth about $39,000. Institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price objective for the company. Needham & Company LLC boosted their target price on Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on Roblox from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Roth Mkm boosted their target price on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Citigroup boosted their target price on Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $46.75.

Roblox Stock Performance

RBLX stock opened at $42.62 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The business’s fifty day simple moving average is $43.36 and its two-hundred day simple moving average is $39.12. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $48.43. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of -24.78 and a beta of 1.60.

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

Insiders Place Their Bets

In other news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark Reinstra sold 12,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 779,341 shares of company stock worth $33,831,012 over the last quarter. Company insiders own 22.15% of the company’s stock.

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.