Insider Selling: Roblox (NYSE:RBLX) Director Sells $714,471.42 in Stock

Roblox Corporation (NYSE:RBLX) Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $42.87, for a total transaction of $714,471.42. Following the completion of the transaction, the director owned 1,252,836 shares of the company’s stock, valued at $53,709,079.32. This trade represents a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The stock was sold at an average price of $40.47, for a total transaction of $674,473.02.
• On Tuesday, August 4th, Gregory Baszucki sold 16,666 shares of Roblox stock. The shares were sold at an average price of $37.46, for a total transaction of $624,308.36.

Roblox Stock Performance

NYSE:RBLX opened at $44.12 on Monday. The company has a fifty day simple moving average of $42.34 and a two-hundred day simple moving average of $48.28. The company has a market cap of $29.56 billion, a price-to-earnings ratio of -30.85 and a beta of 1.47. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a 52 week low of $33.88 and a 52 week high of $141.95.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.08. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.41) earnings per share. As a group, equities analysts anticipate that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Capital International Investors boosted its stake in Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Roblox by 7.5% during the first quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company’s stock worth $403,054,000 after purchasing an additional 497,625 shares during the last quarter. Amundi increased its position in shares of Roblox by 83.7% during the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after purchasing an additional 2,631,074 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Roblox by 10.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,451,881 shares of the company’s stock worth $251,798,000 after purchasing an additional 416,206 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Roblox by 18.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,292,340 shares of the company’s stock valued at $185,748,000 after purchasing an additional 365,125 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RBLX. UBS Group set a $40.00 price target on shares of Roblox in a research note on Monday, September 21st. DA Davidson set a $40.00 price objective on shares of Roblox in a research report on Friday, July 31st. Wolfe Research lowered shares of Roblox from an “outperform” rating to a “hold” rating in a report on Friday, July 31st. BTIG Research lifted their price objective on shares of Roblox from $30.00 to $41.00 and gave the stock a “sell” rating in a research report on Tuesday, September 15th. Finally, B. Riley Financial lowered their target price on shares of Roblox from $80.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Roblox presently has a consensus rating of “Hold” and an average price target of $60.79.

Roblox Company Profile

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.