David Baszucki Sells 6,499 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,499 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $262,234.65. Following the completion of the sale, the chief executive officer now owns 135,761 shares in the company, valued at $5,477,956.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, July 12th, David Baszucki sold 166,668 shares of Roblox stock. The stock was sold at an average price of $40.21, for a total transaction of $6,701,720.28.
• On Monday, June 10th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $35.12, for a total transaction of $5,853,309.92.
• 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.

Roblox Stock Performance

RBLX opened at $44.16 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market cap of $26.11 billion, a PE ratio of -23.74 and a beta of 1.60. The business has a fifty day simple moving average of $38.78 and a 200-day simple moving average of $38.01. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. Roblox’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.46) EPS. As a group, equities analysts predict that Roblox Co. will post -1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Roblox by 3,188.8% in the 4th quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock worth $3,873,000 after purchasing an additional 82,143 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox in the fourth quarter worth $25,000. Federated Hermes Inc. purchased a new position in shares of Roblox during the fourth quarter valued at $9,637,000. abrdn plc raised its position in Roblox by 105.7% during the fourth quarter. abrdn plc now owns 157,420 shares of the company’s stock valued at $7,197,000 after buying an additional 80,896 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock worth $75,000 after acquiring an additional 700 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wolfe Research started coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Canaccord Genuity Group cut their price objective on shares of Roblox from $56.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. The Goldman Sachs Group increased their target price on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Macquarie boosted their price target on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $44.15.

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.