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

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 195,068 shares of Roblox stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $64.94, for a total transaction of $12,667,715.92. Following the transaction, the chief executive officer now directly owns 122,853 shares in the company, valued at $7,978,073.82. This trade represents a 61.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The stock was 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 shares were 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 value 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 value of $19,103,371.54.

Roblox Stock Up 1.1 %

Roblox stock traded up $0.69 during mid-day trading on Wednesday, hitting $63.35. The company had a trading volume of 3,671,082 shares, compared to its average volume of 7,535,925. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock’s 50 day moving average price is $64.23 and its two-hundred day moving average price is $53.69. The company has a market capitalization of $39.22 billion, a PE ratio of -43.69 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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%. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Roth Mkm boosted their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Citigroup upped their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC raised their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have assigned 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 presently has an average rating of “Moderate Buy” and an average price target of $64.19.

Institutional Investors Weigh In On Roblox

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

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.