Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 138,555 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 138,555 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now owns 129,301 shares of the company’s stock, valued at $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $19,103,371.54.
• On Wednesday, November 20th, David Baszucki sold 6,460 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $332,237.80.
• On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $50.71, for a total value of $8,451,632.86.

Roblox Stock Up 4.4 %

RBLX stock opened at $73.82 on Wednesday. The firm has a market cap of $44.85 billion, a PE ratio of -45.01 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The business has a 50 day moving average of $61.26 and a 200 day moving average of $50.15. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $73.86.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC purchased a new position in shares of Roblox in the second quarter valued at about $493,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Roblox by 6.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,623 shares of the company’s stock valued at $395,000 after acquiring an additional 605 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Roblox in the second quarter valued at about $559,000. Cetera Investment Advisers lifted its position in shares of Roblox by 4.4% in the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock valued at $1,538,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Roblox in the second quarter valued at about $1,105,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RBLX has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wedbush reiterated an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Needham & Company LLC increased their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup increased their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday. Finally, Raymond James reiterated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.05.

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.