Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 166,668 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,668 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the sale, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

David Baszucki also recently made the following trade(s):

• On Wednesday, September 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $45.56, for a total value of $7,593,302.96.
• On Thursday, August 22nd, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $43.55, for a total value of $7,258,304.30.
• On Tuesday, August 20th, David Baszucki sold 6,499 shares of Roblox stock. The shares were sold at an average price of $40.35, for a total value of $262,234.65.

Roblox Trading Up 0.9 %

Shares of RBLX stock opened at $42.14 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $48.43. The stock has a market cap of $25.22 billion, a P/E ratio of -24.50 and a beta of 1.60. The business has a fifty day simple moving average of $43.29 and a 200-day simple moving average of $39.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last announced its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $897.88 million. During the same quarter last year, the business posted ($0.46) earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. On average, analysts forecast that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their price target on Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Roth Mkm upped their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Macquarie upped their price target on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RBLX. Impact Partnership Wealth LLC boosted its stake in shares of Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after acquiring an additional 245 shares during the last quarter. Swedbank AB boosted its stake in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares during the last quarter. Thrive Wealth Management LLC boosted its stake in shares of Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after acquiring an additional 300 shares during the last quarter. Mystic Asset Management Inc. boosted its stake in shares of Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after acquiring an additional 325 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Roblox by 0.3% during the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.