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 business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $76.48, for a total value of $5,116,206.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 stock was sold at an average price of $95.24, for a total transaction 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 transaction of $6,992,638.88.

Roblox Price Performance

Shares of Roblox stock opened at $73.23 on Friday. The company’s fifty day simple moving average is $91.01 and its two-hundred day simple moving average is $112.64. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The firm has a market cap of $47.95 billion, a PE ratio of -51.21 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. Roblox’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.37) earnings per share. As a group, equities analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Institutional Trading of Roblox

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 1,513,608 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Roblox by 298.4% in the 3rd quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock worth $45,617,000 after purchasing an additional 246,652 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Roblox in the 2nd quarter worth about $120,041,000. Moody Lynn & Lieberson LLC bought a new position in Roblox in the 2nd quarter worth about $2,779,000. Finally, Teacher Retirement System of Texas boosted its stake in Roblox by 14.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock worth $8,554,000 after purchasing an additional 10,325 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RBLX shares. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Wells Fargo & Company cut their price target on shares of Roblox from $141.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays upped their price objective 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. Jefferies Financial Group dropped their target price on shares of Roblox from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $132.65.

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.