Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 138,555 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 138,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the sale, the chief executive officer now owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, December 5th, David Baszucki sold 333,334 shares of Roblox stock. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54.
• On Wednesday, November 20th, David Baszucki sold 6,460 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total value of $332,237.80.
• On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $50.71, for a total value of $8,451,632.86.

Roblox Stock Performance

RBLX stock opened at $70.65 on Tuesday. The company has a market cap of $42.92 billion, a P/E ratio of -43.08 and a beta of 1.46. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $71.89. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $60.77 and its 200-day moving average price is $49.91.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RBLX shares. Wedbush reissued an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research report on Friday, October 25th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Needham & Company LLC raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BTIG Research raised their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie raised their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.05.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Roblox in the 3rd quarter worth $27,000. Frazier Financial Advisors LLC lifted its position in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC lifted its position in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its position in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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.