Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells $332,237.80 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,460 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $332,237.80. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $6,649,641.85. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $50.71, for a total value of $8,451,632.86.
• On Friday, October 25th, David Baszucki sold 166,668 shares of Roblox stock. The shares were 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 value of $7,593,302.96.

Roblox Price Performance

Roblox stock opened at $49.38 on Monday. The business has a 50 day simple moving average of $46.00 and a 200 day simple moving average of $40.96. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The company has a market capitalization of $30.00 billion, a PE ratio of -30.11 and a beta of 1.56. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted ($0.45) earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Roblox during the third quarter worth approximately $27,000. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares in the last quarter. PARK CIRCLE Co bought a new position in Roblox in the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Roblox in the 2nd quarter valued at $33,000. Finally, Gilliland Jeter Wealth Management LLC raised its position in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RBLX shares. Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Benchmark lifted their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $65.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

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.