David Baszucki Sells 229,167 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 229,167 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $11,649,667.84. This represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 17th, David Baszucki sold 34,099 shares of Roblox stock. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95.
• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The shares were sold at an average price of $64.94, for a total transaction of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The stock was sold at an average price of $60.50, for a total transaction of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The stock was sold at an average price of $61.33, for a total value of $395,455.84.
• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10.

Roblox Stock Down 2.0 %

Shares of RBLX opened at $56.16 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $35.30 billion, a PE ratio of -38.73 and a beta of 1.49. The firm’s 50 day moving average is $60.53 and its 200-day moving average is $56.19. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

A number of large investors have recently bought and sold shares of RBLX. Versant Capital Management Inc raised its position in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its stake in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after acquiring an additional 240 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC bought a new stake in Roblox during the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RBLX shares. Citigroup increased their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. FBN Securities began coverage on Roblox in a report on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target for the company. Finally, HSBC began coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $64.22.

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.