Gregory Baszucki Sells 13,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the sale, the director now directly owns 9,747,603 shares in the company, valued at $341,945,913.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 27th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $37.64, for a total transaction of $489,320.00.

Roblox Stock Performance

NYSE RBLX opened at $36.01 on Friday. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of -19.26 and a beta of 1.63. The company has a fifty day moving average price of $38.53 and a 200-day moving average price of $39.06.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.48) earnings per share. As a group, equities research analysts predict that Roblox Co. will post -2.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wedbush boosted their target price on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Needham & Company LLC boosted their target price on shares of Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Roth Mkm boosted their target price on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets upped their price objective on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. grew its position in Roblox by 29.0% during the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after buying an additional 10,025,779 shares during the period. Ieq Capital LLC grew its position in Roblox by 158.0% during the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock valued at $265,035,000 after buying an additional 5,604,995 shares during the period. Franklin Resources Inc. grew its position in Roblox by 195.1% during the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after buying an additional 5,162,833 shares during the period. Morgan Stanley grew its position in Roblox by 13.7% during the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after buying an additional 4,927,848 shares during the period. Finally, Norges Bank bought a new position in Roblox during the fourth quarter worth about $216,194,000. Institutional investors 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.