Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 1,375,002 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 1,375,002 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $72.19, for a total value of $99,261,394.38. Following the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $16,024,952.77. This trade represents a 86.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, April 7th, David Baszucki sold 229,167 shares of Roblox stock. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16.
• On Monday, March 17th, David Baszucki sold 34,099 shares of Roblox stock. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95.
• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The stock was sold at an average price of $64.94, for a total value of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The shares were sold at an average price of $60.50, for a total value of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The shares were sold at an average price of $61.33, for a total value of $395,455.84.

Roblox Trading Down 0.6 %

Shares of RBLX stock opened at $70.35 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of -48.51 and a beta of 1.46. The firm’s 50 day moving average price is $60.31 and its two-hundred day moving average price is $59.01. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted ($0.43) earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year. On average, analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently bought and sold shares of RBLX. World Investment Advisors LLC purchased a new position in shares of Roblox in the third quarter valued at $204,000. Versant Capital Management Inc grew its stake in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Roblox by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,249 shares of the company’s stock worth $2,040,000 after acquiring an additional 398 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in Roblox in the fourth quarter valued at about $205,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent analyst reports. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Wedbush restated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Canaccord Genuity Group raised their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley cut their price objective on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.91.

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.