Insider Selling: Roblox (NYSE:RBLX) CEO Sells 66,896 Shares of Stock

Roblox Corporation (NYSE:RBLX) CEO David Baszucki sold 66,896 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $84.73, for a total value of $5,668,098.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value of $1,008,020.16.
• On Tuesday, November 11th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88.

Roblox Price Performance

RBLX stock traded down $1.95 during trading on Friday, hitting $81.96. The stock had a trading volume of 15,018,194 shares, compared to its average volume of 8,452,881. The company’s 50 day moving average price is $106.84 and its two-hundred day moving average price is $114.53. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The stock has a market cap of $53.67 billion, a price-to-earnings ratio of -57.31 and a beta of 1.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.37) earnings per share. On average, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Roblox by 2.6% in the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after purchasing an additional 1,513,608 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Roblox in the 2nd quarter valued at $120,041,000. Moody Lynn & Lieberson LLC acquired a new position in shares of Roblox in the 2nd quarter valued at $2,779,000. Teacher Retirement System of Texas lifted its holdings in shares of Roblox by 14.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock worth $8,554,000 after acquiring an additional 10,325 shares during the period. Finally, OMNI 360 Wealth Inc. boosted its position in shares of Roblox by 69.9% during the 2nd quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company’s stock valued at $848,000 after acquiring an additional 3,315 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RBLX. Wolfe Research raised Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Friday, August 22nd. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. B. Riley initiated coverage on Roblox in a research report on Tuesday, December 9th. They set a “buy” rating and a $125.00 target price on the stock. Bank of America lifted their price target on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Roblox in a research note on Thursday, December 11th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.88.

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.