True Wealth Design LLC Has $60,000 Stock Holdings in Roblox Co. (NYSE:RBLX)

True Wealth Design LLC grew its position in Roblox Co. (NYSE:RBLX) by 33,875.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,359 shares of the company’s stock after buying an additional 1,355 shares during the period. True Wealth Design LLC’s holdings in Roblox were worth $60,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Roblox in the third quarter worth about $27,000. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares in the last quarter. PARK CIRCLE Co bought a new position in Roblox in the second quarter valued at approximately $30,000. Strategic Financial Concepts LLC acquired a new position in shares of Roblox in the second quarter valued at approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC increased its position in shares of Roblox by 102.4% during 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 in the last quarter. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 3,443 shares of Roblox stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43. Following the completion of the sale, the chief financial officer now owns 352,844 shares of the company’s stock, valued at approximately $15,881,508.44. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Manuel Bronstein sold 40,739 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the completion of the sale, the insider now directly owns 727,485 shares of the company’s stock, valued at approximately $32,736,825. The trade was a 5.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,013,607 shares of company stock valued at $48,434,122. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $50.13 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The stock has a 50 day moving average of $46.35 and a 200-day moving average of $41.53.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted ($0.45) earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler upped their price objective on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Raymond James reiterated a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $55.30.

About Roblox

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.