Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 6,460 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,460 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $332,237.80. Following the transaction, the chief executive officer now owns 129,295 shares in the company, valued at $6,649,641.85. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $50.71, for a total transaction of $8,451,632.86.
• On Friday, October 25th, David Baszucki sold 166,668 shares of Roblox stock. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20.
• On Wednesday, September 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $45.56, for a total transaction of $7,593,302.96.

Roblox Trading Up 0.1 %

RBLX opened at $49.38 on Friday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10. The stock has a 50-day moving average price of $46.00 and a 200-day moving average price of $40.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned ($0.45) earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Roth Mkm lifted their price target on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. lifted its stake in Roblox by 1.9% during the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after acquiring an additional 535,414 shares during the period. FMR LLC boosted its holdings in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. ARK Investment Management LLC grew its position in Roblox by 12.9% in the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after purchasing an additional 1,519,591 shares during the period. Dragoneer Investment Group LLC raised its stake in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.