Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 166,666 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 166,666 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $35.12, for a total transaction of $5,853,309.92. Following the completion of the sale, the chief executive officer now owns 142,260 shares of the company’s stock, valued at approximately $4,996,171.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, May 30th, David Baszucki sold 5,724 shares of Roblox stock. The shares were sold at an average price of $33.30, for a total transaction of $190,609.20.
• On Tuesday, May 21st, David Baszucki sold 6,585 shares of Roblox stock. The shares were sold at an average price of $32.56, for a total transaction of $214,407.60.
• On Monday, April 8th, David Baszucki sold 100,000 shares of Roblox stock. The stock was sold at an average price of $38.31, for a total transaction of $3,831,000.00.
• On Monday, March 25th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $36.55, for a total transaction of $1,522,892.30.

Roblox Stock Up 1.5 %

Shares of RBLX stock traded up $0.54 during mid-day trading on Wednesday, reaching $36.03. 4,701,046 shares of the company’s stock traded hands, compared to its average volume of 7,942,856. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a market cap of $21.30 billion, a P/E ratio of -19.37 and a beta of 1.58. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The company’s 50-day moving average price is $35.36 and its 200-day moving average price is $39.09.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. Roblox’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.44) EPS. On average, equities analysts expect that Roblox Co. will post -1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBLX. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Canaccord Genuity Group lowered their price target on shares of Roblox from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Barclays lowered their price target on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Wedbush lowered their target price on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Finally, Benchmark lowered their price objective on shares of Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.76.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently bought and sold shares of RBLX. Global Retirement Partners LLC lifted its stake in Roblox by 7.8% during the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after acquiring an additional 320 shares during the period. Mystic Asset Management Inc. lifted its stake in Roblox by 4.0% during the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after acquiring an additional 325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Roblox by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock valued at $4,297,000 after acquiring an additional 458 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in Roblox by 35.0% during the 1st quarter. Lindbrook Capital LLC now owns 2,210 shares of the company’s stock valued at $84,000 after acquiring an additional 573 shares during the period. 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.