Roblox (NYSE:RBLX) CEO David Baszucki 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 that occurred on Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total transaction of $6,992,638.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Roblox Trading Down 3.0%

Shares of Roblox stock opened at $101.24 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $126.34 and its 200-day simple moving average is $111.65. The stock has a market cap of $66.30 billion, a P/E ratio of -70.80 and a beta of 1.61. Roblox Corporation has a 1-year low of $47.95 and a 1-year high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s revenue was up 70.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. New York State Common Retirement Fund lifted its holdings in shares of Roblox by 3.9% in the 1st quarter. New York State Common Retirement Fund now owns 283,345 shares of the company’s stock worth $16,516,000 after acquiring an additional 10,578 shares during the last quarter. Stephens Inc. AR purchased a new stake in Roblox in the first quarter valued at approximately $290,000. Bleakley Financial Group LLC raised its position in Roblox by 17.3% in the first quarter. Bleakley Financial Group LLC now owns 13,092 shares of the company’s stock valued at $763,000 after purchasing an additional 1,928 shares during the period. Signaturefd LLC lifted its stake in Roblox by 3.8% during the first quarter. Signaturefd LLC now owns 6,153 shares of the company’s stock worth $359,000 after purchasing an additional 225 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Roblox by 1.2% during the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company’s stock worth $775,000 after buying an additional 163 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Roblox in a research report on Wednesday, October 8th. BMO Capital Markets raised their price objective on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $159.00 target price on shares of Roblox in a report on Friday, October 31st. Bank of America increased their price target on shares of Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, Barclays raised their price target on shares of Roblox from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.