Roblox (NYSE:RBLX) CEO David Baszucki Sells 272,269 Shares

Roblox Corporation (NYSE:RBLXGet Free Report) CEO David Baszucki sold 272,269 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the transaction, the chief executive officer owned 811,373 shares of the company’s stock, valued at $58,954,362.18. This represents a 25.13% 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 Wednesday, January 7th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $76.48, for a total transaction of $5,116,206.08.
  • On Thursday, December 18th, David Baszucki sold 66,896 shares of Roblox stock. The stock was sold at an average price of $84.73, for a total transaction of $5,668,098.08.
  • On Thursday, November 20th, David Baszucki sold 10,584 shares of Roblox stock. The shares were sold at an average price of $95.24, for a total transaction of $1,008,020.16.

Roblox Price Performance

NYSE:RBLX traded down $2.90 during trading hours on Wednesday, hitting $69.04. 11,712,922 shares of the stock were exchanged, compared to its average volume of 14,920,194. The firm’s fifty day moving average price is $80.34 and its 200 day moving average price is $107.08. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 311.88% and a negative net margin of 21.78%.The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm posted ($0.33) EPS. The firm’s revenue for the quarter was up 122.6% on a year-over-year basis. On average, equities analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer reduced their price objective on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Needham & Company LLC reduced their price target on shares of Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley decreased their price objective on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Jefferies Financial Group set a $85.00 target price on shares of Roblox in a report on Thursday, January 15th. Finally, Wells Fargo & Company set a $97.00 target price on Roblox in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $119.44.

Check Out Our Latest Stock Analysis on Roblox

More Roblox News

Here are the key news stories impacting Roblox this week:

Institutional Trading of Roblox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Roblox in the third quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Roblox in the 3rd quarter valued at $37,000. Total Investment Management Inc. acquired a new position in Roblox in the 2nd quarter valued at $29,000. Root Financial Partners LLC purchased a new position in Roblox during the 3rd quarter worth $38,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

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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