Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 1,445 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 1,445 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $60.50, for a total value of $87,422.50. Following the completion of the transaction, the chief executive officer now owns 122,853 shares in the company, valued at $7,432,606.50. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The shares were 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.
• 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 transaction of $19,103,371.54.

Roblox Stock Performance

NYSE RBLX opened at $60.43 on Friday. The business’s 50-day moving average price is $64.04 and its 200 day moving average price is $52.99. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market cap of $37.41 billion, a P/E ratio of -41.68 and a beta of 1.46. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley raised their price target on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Finally, Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Institutional Trading of Roblox

Hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC raised its holdings in Roblox by 0.5% during the fourth 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. lifted its holdings in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after buying an additional 195 shares during the period. Simon Quick Advisors LLC boosted its stake in shares of Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after buying an additional 217 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $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.