Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 34,099 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 34,099 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the transaction, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $12,664,130.15. This represents a 13.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The shares were sold at an average price of $64.94, for a total transaction 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 transaction 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 transaction of $395,455.84.
• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10.

Roblox Trading Up 3.9 %

NYSE RBLX opened at $58.17 on Thursday. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company’s 50 day moving average price is $63.63 and its 200 day moving average price is $54.68. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $36.01 billion, a price-to-earnings ratio of -40.11 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RBLX. Macquarie raised their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and set a $71.00 price target on shares of Roblox in a research note on Tuesday. Needham & Company LLC raised their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, HSBC began coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.19.

Institutional Trading of Roblox

A number of hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC raised its stake in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after purchasing an additional 161 shares during the period. Rakuten Securities Inc. raised its stake in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the period. Simon Quick Advisors LLC raised its stake in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the period. Finally, Versant Capital Management Inc raised 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 purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.