David Baszucki Sells 166,666 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,666 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.71, for a total transaction of $8,451,632.86. Following the sale, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at approximately $6,884,136.05. This trade represents a 55.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 25th, David Baszucki sold 166,668 shares of Roblox stock. The shares were 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 value of $7,593,302.96.
• On Thursday, August 22nd, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $43.55, for a total value of $7,258,304.30.

Roblox Stock Performance

RBLX opened at $49.34 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $29.97 billion, a PE ratio of -30.08 and a beta of 1.56. The business has a fifty day simple moving average of $45.93 and a 200 day simple moving average of $40.88. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.45) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Hedge Funds Weigh In On Roblox

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its position in shares of 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 in the last quarter. Entropy Technologies LP lifted its holdings in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares during the last quarter. Dragoneer Investment Group LLC boosted its stake in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Roblox by 62.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after purchasing an additional 14,348 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Roblox by 319.6% during the first quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock worth $1,075,000 after buying an additional 21,533 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Benchmark boosted their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays lifted their target price on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup boosted their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

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.