Roblox Corporation $RBLX Shares Acquired by Trajan Wealth LLC

Trajan Wealth LLC lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,220 shares of the company’s stock after buying an additional 11,326 shares during the quarter. Roblox makes up about 1.2% of Trajan Wealth LLC’s investment portfolio, making the stock its 21st largest holding. Trajan Wealth LLC owned approximately 0.06% of Roblox worth $29,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in RBLX. Vanguard Group Inc. grew its position in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after buying an additional 3,284,073 shares in the last quarter. State Street Corp grew its position in shares of Roblox by 11.0% during the third quarter. State Street Corp now owns 13,369,844 shares of the company’s stock worth $1,851,991,000 after buying an additional 1,326,575 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Roblox by 342.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,551,456 shares of the company’s stock worth $125,714,000 after buying an additional 1,200,900 shares in the last quarter. Durable Capital Partners LP grew its position in shares of Roblox by 32.4% during the second quarter. Durable Capital Partners LP now owns 4,588,728 shares of the company’s stock worth $482,734,000 after buying an additional 1,122,153 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Roblox by 48.9% in the third quarter. Invesco Ltd. now owns 2,625,710 shares of the company’s stock worth $363,713,000 after purchasing an additional 862,754 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity at Roblox

In related news, Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $44.97, for a total transaction of $749,470.02. Following the sale, the director directly owned 1,294,501 shares in the company, valued at $58,213,709.97. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 13,325 shares of Roblox stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $57.94, for a total transaction of $772,050.50. Following the sale, the insider owned 364,320 shares in the company, valued at approximately $21,108,700.80. This represents a 3.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 76,144 shares of company stock valued at $4,235,769 in the last ninety days. Company insiders own 10.05% of the company’s stock.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Roblox announced its first-ever share repurchase authorization, a $3 billion buyback program that can cover up to about 9.5% of outstanding shares. Buybacks are often seen as a sign management believes the stock is undervalued, which has helped lift sentiment. RTT News buyback report
• Positive Sentiment: Analysts and traders viewed the repurchase plan as a possible offset to recent guidance worries, helping the stock rebound after earlier pressure tied to a softer bookings outlook. Yahoo Finance article
• Neutral Sentiment: Roblox is continuing to roll out new chat and engagement tools after age-check changes reduced access to some communication features. Management is trying to rebuild momentum, but the near-term impact on daily active users and bookings remains uncertain. Yahoo Finance article on safety-first strategy
• Negative Sentiment: Child-safety concerns remain a headwind, with Reuters reporting that advocacy groups have asked the U.S. FTC to investigate Roblox over its design and marketing practices. That adds regulatory risk and could weigh on the stock if scrutiny intensifies. Reuters article
• Negative Sentiment: Recent coverage also highlighted that Roblox’s tighter safety and age-check measures may be slowing user growth and clouding the bookings outlook, which has pressured investor confidence in the company’s near-term growth trajectory. Zacks article

Roblox Stock Performance

RBLX stock opened at $45.87 on Thursday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of -29.03 and a beta of 1.50. Roblox Corporation has a 1 year low of $40.15 and a 1 year high of $150.59. The stock’s fifty day moving average is $54.06 and its two-hundred day moving average is $72.16.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business posted ($0.32) earnings per share. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. On average, research analysts predict that Roblox Corporation will post -1.4 EPS for the current year.

Roblox announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have commented on RBLX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a report on Friday, March 27th. Freedom Capital raised shares of Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of Roblox in a report on Friday, May 1st. Needham & Company LLC started coverage on shares of Roblox in a report on Friday, May 1st. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Canaccord Genuity Group decreased their price objective on shares of Roblox from $140.00 to $80.00 and set a “buy” rating for the company in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.17.

Roblox Company 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.