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

Roblox Corporation (NYSE:RBLX) Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $44.97, for a total transaction of $749,470.02. Following the transaction, the director owned 1,294,501 shares of the company’s stock, valued at approximately $58,213,709.97. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 Wednesday, April 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The shares were sold at an average price of $57.95, for a total transaction of $965,794.70.

Roblox Stock Performance

NYSE:RBLX opened at $41.88 on Friday. Roblox Corporation has a twelve month low of $41.66 and a twelve month high of $150.59. 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 company has a 50-day moving average of $58.29 and a 200-day moving average of $77.59. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of -26.50 and a beta of 1.50.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted ($0.32) EPS. The business’s revenue for the quarter was up 43.4% on a year-over-year basis. Analysts forecast that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Institutional Trading of Roblox

Hedge funds have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Roblox during the third quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Roblox during the third quarter valued at about $37,000. Root Financial Partners LLC purchased a new stake in Roblox during the third quarter valued at about $38,000. Sunbelt Securities Inc. lifted its stake in Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in Roblox by 2,636.4% during the third quarter. Horizon Investments LLC now owns 301 shares of the company’s stock valued at $42,000 after buying an additional 290 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RBLX shares. Wedbush lowered shares of Roblox from a “hold” rating to a “neutral” rating in a research report on Friday, May 1st. UBS Group reduced their price objective on shares of Roblox from $74.00 to $49.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Morgan Stanley restated an “overweight” rating and set a $62.00 price objective on shares of Roblox in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, BTIG Research lowered shares of Roblox from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.17.

About Roblox

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.