Roblox Co. (NYSE:RBLX) CEO Sells $12,667,715.92 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 195,068 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $64.94, for a total transaction of $12,667,715.92. Following the sale, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at $7,978,073.82. This represents a 61.36 % decrease in their position. The transaction 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 Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The shares were sold at an average price of $60.50, for a total transaction 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 transaction of $395,455.84.
• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The stock was 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

Shares of RBLX opened at $63.35 on Thursday. The firm’s fifty day simple moving average is $64.31 and its two-hundred day simple moving average is $53.75. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $39.22 billion, a P/E ratio of -43.69 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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%. As a group, analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

RBLX has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Citigroup raised their price target on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Benchmark increased their price objective on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC boosted its position in shares of Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. raised its stake in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares during the period. Simon Quick Advisors LLC boosted its holdings in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the period. Finally, Versant Capital Management Inc grew its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds 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.