Roblox Co. (NYSE:RBLX) CEO Sells $395,455.84 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,448 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.33, for a total value of $395,455.84. Following the completion of the transaction, the chief executive officer now directly owns 122,853 shares in the company, valued at approximately $7,534,574.49. This represents a 4.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10.
• 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 transaction of $19,103,371.54.

Roblox Stock Down 0.5 %

Shares of RBLX opened at $62.52 on Friday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The stock has a market capitalization of $38.70 billion, a price-to-earnings ratio of -43.11 and a beta of 1.46. The stock has a fifty day moving average of $64.04 and a 200-day moving average of $52.45.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS 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%. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on RBLX shares. Citigroup increased their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Needham & Company LLC boosted their price target on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently added to or reduced their stakes in RBLX. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings 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 purchasing an additional 240 shares during the period. Frazier Financial Advisors LLC raised its position 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 during the last quarter. Colonial Trust Co SC acquired a new position in Roblox during the 4th quarter worth about $41,000. Finally, Parkside Financial Bank & Trust grew its position 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 buying an additional 230 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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.