Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells $395,455.84 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,448 shares of Roblox stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the completion of the transaction, the chief executive officer now owns 122,853 shares in the company, valued at approximately $7,534,574.49. This trade represents a 4.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $9,923,309.10.
• On Thursday, December 5th, David Baszucki sold 333,334 shares of Roblox stock. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54.

Roblox Stock Down 0.5 %

RBLX stock opened at $62.52 on Monday. 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 Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a fifty day simple moving average of $64.04 and a 200 day simple moving average of $52.57. The firm has a market cap of $38.70 billion, a PE ratio of -43.11 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Sell-side analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RBLX shares. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Raymond James reiterated a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently modified their holdings of the business. American Trust acquired a new stake in shares of Roblox in the 4th quarter valued at $211,000. Mackenzie Financial Corp lifted its position in Roblox by 14.7% during the 4th quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock worth $1,639,000 after acquiring an additional 3,633 shares during the last quarter. Forum Financial Management LP acquired a new position in Roblox during the 4th quarter worth $223,000. Toronto Dominion Bank lifted its position in Roblox by 7.3% during the 4th quarter. Toronto Dominion Bank now owns 64,476 shares of the company’s stock worth $3,731,000 after acquiring an additional 4,384 shares during the last quarter. Finally, Cache Advisors LLC acquired a new position in Roblox during the 4th quarter worth $1,215,000. Institutional investors and hedge funds own 94.46% 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.