Roblox Co. (NYSE:RBLX) Director Sells $620,750.00 in Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the sale, the director now directly owns 9,662,103 shares in the company, valued at approximately $461,365,418.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, August 28th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $573,170.00.
• On Wednesday, July 24th, Gregory Baszucki sold 13,000 shares of Roblox stock. The shares were sold at an average price of $40.45, for a total value of $525,850.00.

Roblox Trading Down 1.5 %

NYSE RBLX opened at $44.18 on Friday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox Co. has a one year low of $27.11 and a one year high of $48.43. The company’s 50 day moving average price is $42.36 and its 200 day moving average price is $38.55. The firm has a market capitalization of $26.44 billion, a price-to-earnings ratio of -23.75 and a beta of 1.60.

Roblox (NYSE:RBLX) last issued its earnings results 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 net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. During the same quarter last year, the firm posted ($0.46) EPS. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. On average, sell-side analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBLX. BTIG Research boosted their target price on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Wolfe Research assumed coverage on shares of Roblox in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Citigroup raised their target price on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays boosted their price target on Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price objective on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.81.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently modified their holdings of RBLX. PARK CIRCLE Co acquired a new stake in Roblox in the second quarter valued at approximately $30,000. Gilliland Jeter Wealth Management LLC boosted its position in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the last quarter. Washington Trust Advisors Inc. acquired a new stake in shares of Roblox during the first quarter valued at about $39,000. Allspring Global Investments Holdings LLC increased its position in shares of Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after acquiring an additional 548 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Roblox in the 2nd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.