Roblox (NYSE:RBLX) CEO David Baszucki Sells 10,834 Shares

Roblox Corporation (NYSE:RBLX) CEO David Baszucki sold 10,834 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the transaction, the chief executive officer directly owned 800,539 shares in the company, valued at approximately $49,337,218.57. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, February 10th, David Baszucki sold 272,269 shares of Roblox stock. The shares were sold at an average price of $72.66, for a total transaction of $19,783,065.54.
• On Wednesday, January 7th, David Baszucki sold 66,896 shares of Roblox stock. The stock was sold at an average price of $76.48, for a total value 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 value of $5,668,098.08.

Roblox Trading Up 7.5%

NYSE:RBLX opened at $67.09 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of -43.29 and a beta of 1.63. The business’s 50-day moving average price is $74.51 and its two-hundred day moving average price is $102.59.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) EPS. On average, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after acquiring an additional 231 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after purchasing an additional 5,363 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Roblox in the second quarter valued at $204,000. Waldron Private Wealth LLC acquired a new stake in Roblox in the 2nd quarter valued at $275,000. Finally, Brighton Jones LLC lifted its position in Roblox by 509.9% during the 2nd quarter. Brighton Jones LLC now owns 29,609 shares of the company’s stock worth $3,115,000 after buying an additional 24,754 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of a number of recent analyst reports. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $84.00 in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a report on Tuesday, January 20th. Morgan Stanley lowered their price target on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $100.00 price objective (down from $125.00) on shares of Roblox in a report on Friday, February 6th. Finally, Needham & Company LLC lowered their target price on Roblox from $159.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.44.

Roblox Company Profile

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.