Roblox Co. (NYSE:RBLX) CEO Sells $7,025,056.20 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• 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.
• 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 transaction of $7,258,304.30.
• On Tuesday, August 20th, David Baszucki sold 6,499 shares of Roblox stock. The stock was sold at an average price of $40.35, for a total transaction of $262,234.65.

Roblox Trading Up 0.9 %

Shares of RBLX opened at $42.14 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $48.43. The company has a 50-day moving average of $43.29 and a 200 day moving average of $39.07. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of -22.66 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. During the same quarter in the previous year, the business posted ($0.46) EPS. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, research analysts expect that Roblox Co. will post -1.58 EPS for the current year.

Institutional Investors Weigh In On Roblox

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Roblox in the 3rd quarter valued at about $27,000. PARK CIRCLE Co bought a new stake in shares of Roblox in the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC bought a new stake in shares of Roblox in the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Roblox in the 1st quarter worth approximately $39,000. Institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of recent research reports. Wolfe Research initiated coverage on shares of Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Benchmark lifted their price objective on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler lifted their price objective on shares of Roblox from $48.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on shares of Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price for the company. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.29.

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.