Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 138,555 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, December 5th, David Baszucki sold 333,334 shares of Roblox stock. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54.
• On Wednesday, November 20th, David Baszucki sold 6,460 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $332,237.80.
• 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 transaction of $8,451,632.86.

Roblox Stock Performance

Shares of Roblox stock traded down $0.42 during trading hours on Monday, reaching $70.65. The company’s stock had a trading volume of 7,743,933 shares, compared to its average volume of 6,769,234. The company’s 50 day simple moving average is $60.34 and its 200 day simple moving average is $49.69. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $71.89. The stock has a market cap of $42.92 billion, a P/E ratio of -43.08 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Needham & Company LLC increased their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. Barclays increased their price target on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RBLX. V Square Quantitative Management LLC acquired a new position in Roblox during the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC increased its stake in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares during the period. Finally, Huntington National Bank increased its stake in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after buying an additional 770 shares during the period. 94.46% 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.