Roblox Co. (NYSE:RBLX) Director Gregory Baszucki Sells 13,000 Shares of Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total transaction of $476,710.00. Following the sale, the director now owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, April 24th, Gregory Baszucki sold 13,000 shares of Roblox stock. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00.

Roblox Stock Performance

Shares of NYSE RBLX opened at $37.21 on Friday. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The company’s 50-day moving average is $35.01 and its 200 day moving average is $38.77.

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, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The company had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. During the same quarter in the previous year, the company earned ($0.44) earnings per share. Roblox’s quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts anticipate that Roblox Co. will post -1.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after acquiring an additional 320 shares in the last quarter. Mystic Asset Management Inc. boosted its stake in Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after acquiring an additional 325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Roblox by 0.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after acquiring an additional 458 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after acquiring an additional 548 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Roblox by 35.0% during the first quarter. Lindbrook Capital LLC now owns 2,210 shares of the company’s stock worth $84,000 after acquiring an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RBLX. Roth Capital lowered shares of Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 target price (down previously from $56.00) on shares of Roblox in a report on Friday, May 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. Macquarie began coverage on shares of Roblox in a report on Friday, June 14th. They set an “outperform” rating and a $46.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of Roblox from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.14.

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.