David Baszucki Sells 41,666 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 41,666 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $36.55, for a total value of $1,522,892.30. Following the sale, the chief executive officer now owns 333,334 shares of the company’s stock, valued at $12,183,357.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $40.12, for a total value of $1,671,639.92.
• On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00.
• On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $8,818,000.00.

Roblox Price Performance

Shares of NYSE RBLX opened at $37.89 on Thursday. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.65. The business has a 50 day moving average price of $40.46 and a two-hundred day moving average price of $37.68. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. The firm has a market cap of $22.03 billion, a PE ratio of -20.26 and a beta of 1.66.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted ($0.48) EPS. Roblox’s quarterly revenue was up 25.3% compared to the same quarter last year. Sell-side analysts expect that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on RBLX shares. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Roth Mkm increased their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets increased their target price on Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Wells Fargo & Company started coverage on Roblox in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $49.00 target price for the company. Finally, Wedbush increased their target price on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. AlphaQ Advisors LLC lifted its holdings in Roblox by 1.0% during the 1st quarter. AlphaQ Advisors LLC now owns 27,304 shares of the company’s stock worth $1,228,000 after buying an additional 279 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in Roblox by 7.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock worth $202,000 after buying an additional 300 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in Roblox by 3.3% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 9,408 shares of the company’s stock worth $423,000 after buying an additional 301 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Roblox by 7.8% in the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after purchasing an additional 320 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Roblox by 3.0% in the 1st quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock worth $550,000 after purchasing an additional 342 shares during the last quarter. 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.