David Baszucki Sells 41,666 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 41,666 shares of Roblox stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $36.55, for a total value of $1,522,892.30. Following the completion of the transaction, the chief executive officer now owns 333,334 shares in the company, valued at $12,183,357.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $40.12, for a total value of $1,671,639.92.
• On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00.
• On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00.

Roblox Stock Up 1.6 %

Shares of RBLX opened at $37.89 on Thursday. The company has a market capitalization of $22.03 billion, a P/E ratio of -20.26 and a beta of 1.66. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a one year low of $24.88 and a one year high of $47.65. The business’s 50 day simple moving average is $40.46 and its 200-day simple moving average is $37.68.

Roblox (NYSE:RBLX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. Roblox’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.48) EPS. As a group, sell-side analysts predict that Roblox Co. will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in Roblox by 171.8% during the 3rd quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock worth $31,457,000 after buying an additional 686,594 shares in the last quarter. Aviva PLC lifted its holdings in Roblox by 202.5% during the 3rd quarter. Aviva PLC now owns 195,411 shares of the company’s stock worth $5,659,000 after buying an additional 130,818 shares in the last quarter. Morgan Stanley lifted its holdings in Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after buying an additional 4,927,848 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Roblox by 29.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after buying an additional 10,025,779 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Roblox by 7.5% during the 2nd quarter. BlackRock Inc. now owns 24,097,576 shares of the company’s stock worth $971,132,000 after buying an additional 1,679,463 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBLX. Roth Mkm boosted their price target on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Wedbush boosted their price target on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Needham & Company LLC boosted their price target on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $48.00 in a report on Thursday, February 8th. Finally, Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $26.00 to $46.00 in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.25.

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.