Roblox (NYSE:RBLX) CEO Sells $1,008,020.16 in Stock

Roblox Corporation (NYSE:RBLX) CEO David Baszucki sold 10,584 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $1,008,020.16. Following the sale, the chief executive officer directly owned 190,574 shares of the company’s stock, valued at approximately $18,150,267.76. The trade was a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 11th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88.

Roblox Stock Performance

NYSE RBLX traded up $1.32 on Monday, reaching $90.57. 11,920,323 shares of the stock were exchanged, compared to its average volume of 9,408,730. The firm has a market capitalization of $59.31 billion, a PE ratio of -63.34 and a beta of 1.61. Roblox Corporation has a one year low of $47.95 and a one year high of $150.59. The company’s 50-day simple moving average is $121.32 and its two-hundred day simple moving average is $113.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted ($0.37) EPS. Roblox’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

Several large investors have recently added to or reduced their stakes in RBLX. WPG Advisers LLC increased its position in shares of Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after acquiring an additional 84 shares during the period. Baird Financial Group Inc. increased its holdings in Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares during the period. Sunbelt Securities Inc. raised its position in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares in the last quarter. Lido Advisors LLC raised its position in Roblox by 1.3% during the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after purchasing an additional 106 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after buying an additional 110 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RBLX. UBS Group set a $120.00 target price on shares of Roblox in a research report on Friday, October 31st. Arete raised Roblox from a “sell” rating to a “neutral” rating and set a $116.00 target price on the stock in a report on Tuesday, September 9th. Citigroup increased their price target on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price objective (up previously from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Finally, Macquarie upped their price objective on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

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.