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

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the sale, the director now owns 9,662,103 shares of the company’s stock, valued at approximately $461,365,418.25. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, August 28th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total transaction of $573,170.00.
• On Wednesday, July 24th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $40.45, for a total transaction of $525,850.00.

Roblox Trading Down 5.8 %

Shares of RBLX opened at $44.86 on Friday. The business’s 50-day moving average price is $42.29 and its 200-day moving average price is $38.55. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a twelve month low of $26.78 and a twelve month high of $48.43. The stock has a market cap of $26.85 billion, a PE ratio of -24.12 and a beta of 1.60.

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

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Roblox by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 442,836 shares of the company’s stock valued at $20,250,000 after buying an additional 59,327 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Roblox by 85.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,235 shares of the company’s stock valued at $605,000 after purchasing an additional 6,082 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Roblox by 22.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,697 shares of the company’s stock valued at $626,000 after purchasing an additional 2,487 shares during the period. US Bancorp DE grew its holdings in shares of Roblox by 34.8% in the fourth quarter. US Bancorp DE now owns 65,289 shares of the company’s stock worth $2,985,000 after purchasing an additional 16,869 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Roblox by 6.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 107,800 shares of the company’s stock worth $4,929,000 after purchasing an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of research analyst reports. Barclays increased their price target on Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Benchmark raised their target price on Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $46.00 price target on shares of Roblox in a report on Monday, July 29th. Wolfe Research started coverage on shares of Roblox in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued 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 a consensus target price of $44.81.

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.