Roblox Co. (NYSE:RBLX) CEO Sells $7,593,302.96 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.56, for a total value of $7,593,302.96. Following the sale, the chief executive officer now owns 135,755 shares of the company’s stock, valued at approximately $6,184,997.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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.
• On Tuesday, August 20th, David Baszucki sold 6,499 shares of Roblox stock. The shares were sold at an average price of $40.35, for a total value of $262,234.65.
• On Friday, July 12th, David Baszucki sold 166,668 shares of Roblox stock. The shares were sold at an average price of $40.21, for a total value of $6,701,720.28.

Roblox Stock Performance

RBLX stock traded down $0.27 during midday trading on Friday, hitting $46.03. The company’s stock had a trading volume of 7,735,035 shares, compared to its average volume of 7,210,665. The stock’s 50-day moving average price is $41.57 and its 200 day moving average price is $38.27. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.49. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of -24.90 and a beta of 1.60.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. The business’s revenue was up 31.2% on a year-over-year basis. On average, equities analysts forecast that Roblox Co. will post -1.59 EPS for the current year.

Institutional Investors Weigh In On Roblox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PARK CIRCLE Co bought a new stake in Roblox in the 2nd quarter valued at about $30,000. Gilliland Jeter Wealth Management LLC raised its stake 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 acquiring an additional 506 shares during the period. Washington Trust Advisors Inc. bought a new stake in Roblox in the 1st 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 valued at $42,000 after buying an additional 548 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of Roblox during the fourth quarter valued at about $59,000. 91.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Macquarie boosted their price objective on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wedbush restated an “outperform” rating and set a $46.00 price objective on shares of Roblox in a report on Monday, July 29th. BMO Capital Markets restated an “outperform” rating and set a $56.00 price objective on shares of Roblox in a report on Tuesday, July 30th. Barclays upped their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

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.