Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 627,453 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 627,453 shares of Roblox stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.04, for a total transaction of $60,260,586.12. Following the completion of the transaction, the chief executive officer now directly owns 211,559 shares of the company’s stock, valued at approximately $20,318,126.36. This represents a 74.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 6th, David Baszucki sold 239,572 shares of Roblox stock. The stock was sold at an average price of $96.04, for a total transaction of $23,008,494.88.
• On Thursday, June 5th, David Baszucki sold 262,498 shares of Roblox stock. The shares were sold at an average price of $92.26, for a total transaction of $24,218,065.48.
• On Thursday, June 5th, David Baszucki sold 687,500 shares of Roblox stock. The stock was sold at an average price of $92.26, for a total transaction of $63,428,750.00.
• On Monday, June 2nd, David Baszucki sold 262,498 shares of Roblox stock. The stock was sold at an average price of $87.97, for a total value of $23,091,949.06.
• On Monday, June 2nd, David Baszucki sold 687,500 shares of Roblox stock. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00.
• On Tuesday, May 20th, David Baszucki sold 10,424 shares of Roblox stock. The stock was sold at an average price of $80.66, for a total transaction of $840,799.84.
• On Monday, May 12th, David Baszucki sold 45,074 shares of Roblox stock. The shares were sold at an average price of $74.44, for a total transaction of $3,355,308.56.
• On Monday, May 12th, David Baszucki sold 118,051 shares of Roblox stock. The shares were sold at an average price of $74.44, for a total transaction of $8,787,716.44.
• On Monday, May 5th, David Baszucki sold 1,375,002 shares of Roblox stock. The stock was sold at an average price of $72.19, for a total value of $99,261,394.38.
• On Monday, April 7th, David Baszucki sold 229,167 shares of Roblox stock. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16.

Roblox Trading Down 2.7%

Shares of RBLX stock traded down $2.54 during trading hours on Monday, reaching $93.26. 11,060,955 shares of the stock traded hands, compared to its average volume of 7,872,100. The business has a fifty day moving average price of $70.97 and a 200 day moving average price of $64.44. The firm has a market capitalization of $63.26 billion, a PE ratio of -64.32 and a beta of 1.56. Roblox Co. has a 1-year low of $34.41 and a 1-year high of $97.83. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned ($0.43) earnings per share. Roblox’s quarterly revenue was up 30.6% on a year-over-year basis. On average, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Roth Mkm upped their price target on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Macquarie raised their price objective on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. FBN Securities initiated coverage on Roblox in a research report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 target price for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $83.00 price target on shares of Roblox in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.91.

Institutional Trading of Roblox

A number of institutional investors have recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox in the first quarter worth approximately $39,000. Colonial Trust Co SC bought a new position in Roblox during the fourth quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust lifted its stake 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 acquiring an additional 230 shares during the last quarter. 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.