Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 34,099 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. This represents a 13.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The shares were sold at an average price of $64.94, for a total transaction of $12,667,715.92.
• 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 value of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The shares were sold at an average price of $61.33, for a total value 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 value of $9,923,309.10.

Roblox Stock Performance

Shares of NYSE RBLX traded up $2.19 during midday trading on Wednesday, reaching $58.17. 7,157,224 shares of the company traded hands, compared to its average volume of 7,593,517. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The stock has a 50-day moving average price of $63.71 and a 200 day moving average price of $54.65. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market cap of $36.01 billion, a price-to-earnings ratio of -40.11 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roblox

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of 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 buying an additional 240 shares during the period. Colonial Trust Co SC acquired a new stake in Roblox in the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 230 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $71.00 price target on shares of Roblox in a research report on Tuesday. Barclays cut their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. HSBC started coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. Wells Fargo & Company boosted their target price on shares of 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 increased their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.