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

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 1,445 shares of Roblox stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $60.50, for a total transaction of $87,422.50. Following the transaction, the chief executive officer now directly owns 122,853 shares in the company, valued at $7,432,606.50. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $395,455.84.
• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The stock was 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 value of $19,103,371.54.

Roblox Price Performance

RBLX stock opened at $60.43 on Friday. The stock has a market cap of $37.41 billion, a PE ratio of -41.68 and a beta of 1.46. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a 50-day moving average price of $64.04 and a 200 day moving average price of $52.99. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) 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%. Equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. HSBC began coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. Finally, BTIG Research boosted their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.19.

Institutional Investors Weigh In On Roblox

Several large investors have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC raised its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc raised its stake in Roblox by 83.9% in the 4th 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 last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Roblox in the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.