Roblox Co. (NYSE:RBLX) CEO Sells $87,422.50 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 1,445 shares of Roblox stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $60.50, for a total value of $87,422.50. Following the transaction, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at $7,432,606.50. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value 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 value of $9,923,309.10.
• 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 value of $19,103,371.54.

Roblox Stock Performance

NYSE:RBLX opened at $63.53 on Friday. The business has a 50 day moving average of $64.11 and a 200 day moving average of $53.18. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of -43.82 and a beta of 1.46. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. Wedbush reaffirmed an “outperform” rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Roth Mkm lifted their price target on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley lifted their price target on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company lifted their price target on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Institutional Trading of Roblox

A number of institutional investors have recently made changes to their positions in RBLX. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc boosted 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. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Roblox during the fourth quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust boosted 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. 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.