Insider Selling: Roblox Co. (NYSE:RBLX) Director Sells $476,710.00 in Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total value of $476,710.00. Following the completion of the transaction, the director now directly owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, April 24th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $35.08, for a total value of $456,040.00.

Roblox Stock Performance

Shares of RBLX opened at $37.21 on Monday. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of -20.01 and a beta of 1.58. The company’s fifty day moving average is $35.01 and its 200-day moving average is $38.72. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. During the same period in the prior year, the business posted ($0.44) earnings per share. The business’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts expect that Roblox Co. will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Benchmark decreased their price target on Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Wedbush decreased their target price on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, May 10th. Moffett Nathanson upgraded shares of Roblox from a “sell” rating to a “neutral” rating and cut their price target for the company from $31.00 to $26.00 in a report on Friday, May 10th. The Goldman Sachs Group decreased their price objective on shares of Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Roblox from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its position in shares of Roblox by 20.1% in the third quarter. Janney Montgomery Scott LLC now owns 7,153 shares of the company’s stock valued at $207,000 after purchasing an additional 1,197 shares during the period. Kestra Advisory Services LLC raised its holdings in Roblox by 7.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,821 shares of the company’s stock worth $313,000 after acquiring an additional 733 shares during the period. LPL Financial LLC raised its holdings in Roblox by 4.1% in the 3rd quarter. LPL Financial LLC now owns 138,890 shares of the company’s stock worth $4,022,000 after acquiring an additional 5,455 shares during the period. Mariner LLC lifted its position in Roblox by 10.7% during the 3rd quarter. Mariner LLC now owns 50,238 shares of the company’s stock worth $1,455,000 after acquiring an additional 4,848 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Roblox by 9.4% during the third quarter. Stifel Financial Corp now owns 128,817 shares of the company’s stock valued at $3,731,000 after acquiring an additional 11,078 shares during the period. 91.08% of the stock is owned by institutional investors.

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.