Roblox (NYSE:RBLX) Director Gregory Baszucki Sells 16,666 Shares of Stock

Roblox Corporation (NYSE:RBLXGet Free Report) Director Gregory Baszucki sold 16,666 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $57.69, for a total value of $961,461.54. Following the completion of the transaction, the director directly owned 1,277,835 shares of the company’s stock, valued at approximately $73,718,301.15. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, May 5th, Gregory Baszucki sold 16,666 shares of Roblox stock. The stock was sold at an average price of $44.97, for a total value of $749,470.02.

Roblox Stock Down 4.6%

Shares of RBLX stock opened at $55.29 on Friday. The stock has a 50 day moving average of $47.73 and a 200 day moving average of $61.07. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. The stock has a market cap of $37.13 billion, a P/E ratio of -34.99 and a beta of 1.41. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. Roblox’s revenue for the quarter was up 43.4% on a year-over-year basis. As a group, sell-side analysts expect that Roblox Corporation will post -1.4 EPS for the current year.

Roblox declared that its board has authorized a stock repurchase plan on Tuesday, May 19th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Roblox News Summary

Here are the key news stories impacting Roblox this week:

Hedge Funds Weigh In On Roblox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. Baird Financial Group Inc. grew its stake in shares of Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after buying an additional 102 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after acquiring an additional 105 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Roblox by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock worth $560,000 after acquiring an additional 110 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Roblox by 1.3% in the 2nd quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock worth $1,091,000 after acquiring an additional 138 shares during the period. Finally, L2 Asset Management LLC boosted its holdings in Roblox by 5.9% in the 3rd quarter. L2 Asset Management LLC now owns 2,783 shares of the company’s stock worth $386,000 after acquiring an additional 154 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of recent analyst reports. HSBC cut shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Friday, May 1st. Bank of America cut Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research report on Friday, May 1st. Wolfe Research began coverage on Roblox in a research report on Friday, May 1st. They set an “outperform” rating on the stock. Raymond James Financial began coverage on Roblox in a research note on Monday. They issued a “market perform” rating for the company. Finally, UBS Group assumed coverage on Roblox in a research report on Monday. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.48.

Check Out Our Latest Analysis on Roblox

Roblox Company Profile

(Get Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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