Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 195,068 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 195,068 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $64.94, for a total value of $12,667,715.92. Following the sale, the chief executive officer now owns 122,853 shares of the company’s stock, valued at approximately $7,978,073.82. This trade represents a 61.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The shares were 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 transaction 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 transaction 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 Price Performance

RBLX stock traded up $0.69 during trading on Wednesday, hitting $63.35. 3,671,082 shares of the company’s stock traded hands, compared to its average volume of 7,535,925. The business has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $53.69. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of -43.69 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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, research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several large investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. lifted its position in Roblox by 12.8% in the third quarter. First Trust Direct Indexing L.P. now owns 6,219 shares of the company’s stock worth $275,000 after buying an additional 708 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Roblox by 94.4% in the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock valued at $815,000 after acquiring an additional 8,939 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Roblox by 724.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company’s stock worth $35,607,000 after acquiring an additional 706,939 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Roblox by 8.4% during the 3rd quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company’s stock worth $1,667,000 after purchasing an additional 2,932 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock valued at $8,047,000 after purchasing an additional 137,267 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Macquarie upped their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Roth Mkm boosted their price objective on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Raymond James restated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $83.00 price target on shares of Roblox in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.