Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 6,460 Shares

Roblox Co. (NYSE:RBLXGet Free Report) CEO David Baszucki sold 6,460 shares of Roblox stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $332,237.80. Following the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $6,649,641.85. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $50.71, for a total transaction of $8,451,632.86.
  • On Friday, October 25th, David Baszucki sold 166,668 shares of Roblox stock. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20.
  • On Wednesday, September 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $45.56, for a total transaction of $7,593,302.96.

Roblox Stock Performance

Roblox stock opened at $49.38 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The firm has a market capitalization of $30.00 billion, a PE ratio of -30.11 and a beta of 1.56. The firm’s 50 day simple moving average is $46.00 and its 200 day simple moving average is $40.96.

Roblox (NYSE:RBLXGet Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.45) earnings per share. As a group, analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on RBLX. Benchmark lifted their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays raised their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a report on Friday. Canaccord Genuity Group upped their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $49.00 target price on shares of Roblox in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average price target of $55.30.

Read Our Latest Research Report on Roblox

Hedge Funds Weigh In On Roblox

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Roblox by 319.6% in the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock worth $1,075,000 after purchasing an additional 21,533 shares during the period. Covestor Ltd lifted its holdings in shares of Roblox by 434.4% during the 1st quarter. Covestor Ltd now owns 1,726 shares of the company’s stock valued at $66,000 after buying an additional 1,403 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Roblox by 93.5% in the first quarter. UniSuper Management Pty Ltd now owns 6,000 shares of the company’s stock valued at $229,000 after acquiring an additional 2,900 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Roblox by 29.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 228,935 shares of the company’s stock worth $8,748,000 after buying an additional 51,893 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Roblox during the 1st quarter worth $65,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

About Roblox

(Get Free Report)

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.

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