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 company’s stock in a transaction dated 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 in the company, valued at $6,184,997.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was 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 stock was sold at an average price of $40.21, for a total value of $6,701,720.28.

Roblox Stock Down 0.6 %

RBLX traded down $0.27 during trading on Friday, reaching $46.03. The 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 is $41.57 and its two-hundred day moving average is $38.27. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a market capitalization of $27.22 billion, a price-to-earnings ratio of -24.90 and a beta of 1.60. Roblox Co. has a one year low of $24.88 and a one year high of $47.49.

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

Hedge Funds Weigh In On Roblox

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its holdings in Roblox by 2.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after purchasing an additional 1,419 shares in the last quarter. Kodai Capital Management LP bought a new position in Roblox in the fourth quarter worth $6,805,000. SteelPeak Wealth LLC grew its stake in shares of Roblox by 41.4% in the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after acquiring an additional 3,247 shares during the last quarter. Sei Investments Co. grew its stake in shares of Roblox by 18.3% in the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after acquiring an additional 44,557 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake 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 worth $1,075,000 after acquiring an additional 21,533 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RBLX. Roth Mkm boosted their price objective on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Jefferies Financial Group began coverage on Roblox in a research report on Thursday, July 11th. They issued a “hold” rating and a $42.00 price objective for the company. Needham & Company LLC boosted their price objective on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

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.