Roblox Co. (NYSE:RBLX – Get Free Report) 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.
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.
Get Our Latest Stock Analysis on RBLX
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.
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