Roblox Co. (NYSE:RBLX) CEO Sells $3,831,000.00 in Stock

Roblox Co. (NYSE:RBLXGet Free Report) CEO David Baszucki sold 100,000 shares of Roblox stock in a transaction on Monday, April 8th. The stock was sold at an average price of $38.31, for a total value of $3,831,000.00. Following the completion of the sale, the chief executive officer now directly owns 148,845 shares of the company’s stock, valued at approximately $5,702,251.95. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, March 25th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $36.55, for a total value of $1,522,892.30.
  • On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $40.12, for a total value of $1,671,639.92.
  • On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00.
  • On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $8,818,000.00.

Roblox Price Performance

NYSE:RBLX opened at $38.38 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. The business’s 50-day simple moving average is $39.99 and its two-hundred day simple moving average is $38.52. The stock has a market cap of $22.32 billion, a PE ratio of -20.52 and a beta of 1.63. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned ($0.48) earnings per share. The business’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, analysts forecast that Roblox Co. will post -2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Needham & Company LLC raised their price target on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Benchmark restated a “buy” rating and issued a $46.00 price target on shares of Roblox in a research note on Tuesday, January 23rd. Wedbush lifted their target price on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.25.

View Our Latest Report on Roblox

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. Global Assets Advisory LLC purchased a new stake in shares of Roblox during the 1st quarter worth approximately $4,401,000. Quadrature Capital Ltd bought a new position in shares of Roblox during the 4th quarter valued at approximately $1,363,000. PNC Financial Services Group Inc. boosted its position in shares of Roblox by 22.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,697 shares of the company’s stock valued at $626,000 after acquiring an additional 2,487 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Roblox during the 4th quarter valued at approximately $233,000. Finally, Vanguard Group Inc. boosted its position in shares of Roblox by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company’s stock valued at $2,115,203,000 after acquiring an additional 1,671,272 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

About Roblox

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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