Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 166,666 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,666 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.71, for a total value of $8,451,632.86. Following the completion of the sale, the chief executive officer now owns 135,755 shares of the company’s stock, valued at approximately $6,884,136.05. This trade represents a 55.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, October 25th, David Baszucki sold 166,668 shares of Roblox stock. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20.
• On Wednesday, September 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $45.56, for a total transaction of $7,593,302.96.
• On Thursday, August 22nd, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $43.55, for a total value of $7,258,304.30.

Roblox Stock Performance

RBLX stock opened at $51.51 on Thursday. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm’s 50 day moving average price is $45.85 and its 200-day moving average price is $40.82.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.45) EPS. As a group, equities research analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after acquiring an additional 1,419 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC boosted its stake in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Roblox by 62.0% in the second quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock valued at $1,395,000 after purchasing an additional 14,348 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Roblox by 319.6% in the first quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after purchasing an additional 21,533 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RBLX shares. BTIG Research lifted their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Citigroup increased their price target on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm raised their target price on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.30.

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.