David Baszucki Sells 34,099 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 34,099 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at $12,664,130.15. This trade represents a 13.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The stock was sold at an average price of $64.94, for a total transaction of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The stock was sold at an average price of $60.50, for a total transaction of $87,422.50.
• 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.

Roblox Trading Down 0.2 %

Shares of NYSE RBLX opened at $57.96 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock’s 50 day moving average price is $63.55 and its two-hundred day moving average price is $54.70. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a market capitalization of $35.87 billion, a P/E ratio of -39.97 and a beta of 1.49.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Management LLC lifted its holdings in Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after acquiring an additional 161 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the period. Finally, Versant Capital Management Inc grew its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RBLX shares. The Goldman Sachs Group raised their price objective on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Raymond James reiterated a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Needham & Company LLC raised their target price on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Barclays decreased their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.