Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 166,666 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,666 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $43.55, for a total value of $7,258,304.30. Following the completion of the transaction, the chief executive officer now owns 135,761 shares of the company’s stock, valued at $5,912,391.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, August 20th, David Baszucki sold 6,499 shares of Roblox stock. The shares were sold at an average price of $40.35, for a total value of $262,234.65.
• On Friday, July 12th, David Baszucki sold 166,668 shares of Roblox stock. The shares were sold at an average price of $40.21, for a total value of $6,701,720.28.
• On Monday, June 10th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $35.12, for a total value of $5,853,309.92.
• On Thursday, May 30th, David Baszucki sold 5,724 shares of Roblox stock. The stock was sold at an average price of $33.30, for a total value of $190,609.20.

Roblox Stock Performance

Shares of NYSE RBLX opened at $44.13 on Thursday. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $39.45 and its two-hundred day moving average price is $38.01. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The firm has a market cap of $26.09 billion, a price-to-earnings ratio of -23.73 and a beta of 1.60.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period in the prior year, the firm posted ($0.46) EPS. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. On average, equities analysts forecast that Roblox Co. will post -1.59 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on RBLX shares. Morgan Stanley reduced their price target on Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Jefferies Financial Group started coverage on Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 price target for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 price target on shares of Roblox in a research report on Tuesday, July 30th. Roth Capital cut Roblox from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, Canaccord Genuity Group dropped their price objective on Roblox from $56.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Roblox by 6.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 210,737 shares of the company’s stock worth $7,841,000 after purchasing an additional 12,500 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Roblox by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock worth $1,538,000 after purchasing an additional 1,748 shares in the last quarter. Greenvale Capital LLP acquired a new stake in shares of Roblox during the 2nd quarter worth $89,304,000. Truist Financial Corp acquired a new stake in shares of Roblox during the 2nd quarter worth $559,000. Finally, Sunbelt Securities Inc. boosted its stake in Roblox by 43.7% in the second quarter. Sunbelt Securities Inc. now owns 3,289 shares of the company’s stock valued at $122,000 after buying an additional 1,000 shares in the last quarter. 91.08% of the stock is 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.