Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 333,334 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the transaction, the chief executive officer now owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. This trade represents a 72.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, November 20th, David Baszucki sold 6,460 shares of Roblox stock. The stock was 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 stock was sold at an average price of $50.71, for a total transaction 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 transaction of $7,025,056.20.
• 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 transaction of $7,593,302.96.

Roblox Trading Down 1.2 %

Shares of NYSE:RBLX opened at $56.27 on Wednesday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $59.80. 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 firm has a market capitalization of $34.19 billion, a P/E ratio of -34.31 and a beta of 1.50. The firm has a fifty day moving average of $47.59 and a two-hundred day moving average of $42.57.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RBLX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Raymond James reissued a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Benchmark increased their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Piper Sandler increased their target price on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently added to or reduced their stakes in RBLX. Impact Partnership Wealth LLC lifted its stake in Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after acquiring an additional 245 shares during the last quarter. Swedbank AB lifted its stake in Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares during the last quarter. Metis Global Partners LLC lifted its stake in Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after acquiring an additional 321 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Roblox by 0.3% in the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

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.