Roblox Co. (NYSE:RBLX) CEO Sells $7,593,302.96 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,666 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.56, for a total value of $7,593,302.96. Following the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $6,184,997.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, August 22nd, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $43.55, for a total value of $7,258,304.30.
• On Tuesday, August 20th, David Baszucki sold 6,499 shares of Roblox stock. The stock was 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 stock was sold at an average price of $40.21, for a total value of $6,701,720.28.

Roblox Stock Down 0.6 %

RBLX opened at $46.03 on Friday. The business has a 50 day moving average price of $41.83 and a two-hundred day moving average price of $38.37. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a market cap of $27.22 billion, a PE ratio of -24.75 and a beta of 1.60. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.49.

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

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. increased its position in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after purchasing an additional 4,818,022 shares during the period. Norges Bank acquired a new position in Roblox during the 4th quarter worth approximately $216,194,000. Ieq Capital LLC increased its position in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after purchasing an additional 2,684,713 shares during the period. Dragoneer Investment Group LLC increased its position in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the period. Finally, First Trust Advisors LP increased its position in Roblox by 836.1% during the 4th quarter. First Trust Advisors LP now owns 2,739,514 shares of the company’s stock worth $125,251,000 after purchasing an additional 2,446,867 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RBLX shares. Wolfe Research started coverage on Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Needham & Company LLC lifted their price target on Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays lifted their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 price target for the company. Finally, Roth Mkm lifted their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Eight equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

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.