Roblox Co. (NYSE:RBLX) CEO Sells $1,945,347.95 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at approximately $12,664,130.15. This trade represents a 13.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The stock was sold at an average price of $64.94, for a total value of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The stock was sold at an average price of $60.50, for a total value of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The stock was 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.

Roblox Trading Up 5.7 %

Roblox stock opened at $61.21 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $37.89 billion, a PE ratio of -42.21 and a beta of 1.49. The business’s 50-day simple moving average is $63.54 and its 200-day simple moving average is $54.82.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RBLX shares. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group lifted their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC boosted its holdings in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Roblox during the fourth quarter valued at approximately $363,000. Silicon Valley Capital Partners boosted its holdings in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after acquiring an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after acquiring an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.