David Baszucki Sells 166,668 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,668 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the sale, the chief executive officer now owns 135,755 shares of the company’s stock, valued at $5,722,073.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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.
• On Thursday, August 22nd, David Baszucki sold 166,666 shares of Roblox stock. The stock was 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 transaction of $262,234.65.

Roblox Stock Up 0.9 %

Shares of Roblox stock opened at $42.14 on Monday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $48.43. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a 50 day moving average price of $43.29 and a two-hundred day moving average price of $39.07. The stock has a market capitalization of $24.92 billion, a P/E ratio of -22.66 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 (EPS) for the quarter, topping the consensus estimate 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 net margin of 34.12% and a negative return on equity of 1,187.59%. Roblox’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.46) EPS. Equities analysts expect that Roblox Co. will post -1.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RBLX shares. Roth Mkm raised their price objective on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company upped their price target on Roblox from $46.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Macquarie raised their price objective on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wolfe Research assumed coverage on Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. DekaBank Deutsche Girozentrale grew its holdings in Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after buying an additional 1,419 shares during the last quarter. Dragoneer Investment Group LLC grew its stake in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after acquiring an additional 2,488,044 shares during the last quarter. SteelPeak Wealth LLC increased its position in Roblox by 41.4% during 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 period. Itau Unibanco Holding S.A. raised its stake in Roblox by 62.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock valued at $1,395,000 after purchasing an additional 14,348 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after purchasing an additional 44,557 shares during the period. 91.08% of the stock is currently owned by institutional investors.

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.