Roblox Co. (NYSE:RBLX) Director Sells $525,850.00 in Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total value of $525,850.00. Following the completion of the transaction, the director now directly owns 9,708,603 shares of the company’s stock, valued at approximately $392,712,991.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 26th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $36.67, for a total value of $476,710.00.

Roblox Stock Down 0.1 %

RBLX opened at $40.51 on Monday. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $23.95 billion, a P/E ratio of -21.78 and a beta of 1.59. The stock’s 50 day moving average price is $36.74 and its 200 day moving average price is $38.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The company had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. During the same period last year, the firm earned ($0.44) EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, research analysts predict that Roblox Co. will post -1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBLX. Benchmark reduced their target price on Roblox from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Jefferies Financial Group began coverage on Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 target price (down previously from $56.00) on shares of Roblox in a report on Friday, May 10th. The Goldman Sachs Group reduced their target price on Roblox from $48.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Barclays cut their price target on Roblox from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $42.59.

Hedge Funds Weigh In On Roblox

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Roblox by 3,188.8% during the 4th quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock valued at $3,873,000 after purchasing an additional 82,143 shares during the period. Kodai Capital Management LP acquired a new position in shares of Roblox during the 4th quarter valued at $6,805,000. Global Retirement Partners LLC increased its position in shares of Roblox by 7.8% during the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after purchasing an additional 320 shares during the period. Zweig DiMenna Associates LLC acquired a new position in shares of Roblox during the 4th quarter valued at $1,660,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Roblox by 40.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 156,117 shares of the company’s stock worth $7,138,000 after acquiring an additional 45,237 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.