Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 6,460 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,460 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $332,237.80. Following the completion of the transaction, the chief executive officer now owns 129,295 shares in the company, valued at approximately $6,649,641.85. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $42.15, for a total value of $7,025,056.20.
• On Wednesday, September 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $45.56, for a total transaction of $7,593,302.96.

Roblox Stock Up 0.1 %

RBLX opened at $49.38 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The business’s fifty day simple moving average is $46.00 and its 200 day simple moving average is $40.95. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $55.10. The stock has a market cap of $30.00 billion, a PE ratio of -30.11 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.45) EPS. As a group, research analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays increased their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Citigroup lifted their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Institutional Investors Weigh In On Roblox

A number of hedge funds have recently made changes to their positions in RBLX. V Square Quantitative Management LLC purchased a new position in Roblox in the 3rd quarter worth $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co bought a new stake in shares of Roblox in the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC purchased a new stake in Roblox during the 2nd quarter valued at about $33,000. Finally, Gilliland Jeter Wealth Management LLC grew its position in Roblox by 102.4% during the 2nd 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. 91.08% of the stock is currently owned by institutional investors.

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.