David Baszucki Sells 41,666 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLXGet Free Report) CEO David Baszucki sold 41,666 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $36.55, for a total value of $1,522,892.30. Following the completion of the sale, the chief executive officer now directly owns 333,334 shares of the company’s stock, valued at approximately $12,183,357.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The shares were sold at an average price of $40.12, for a total value of $1,671,639.92.
  • On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00.
  • On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00.

Roblox Stock Performance

NYSE:RBLX opened at $37.29 on Wednesday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.65. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of -19.94 and a beta of 1.66. The business’s fifty day moving average is $40.48 and its 200 day moving average is $37.68.

Roblox (NYSE:RBLXGet Free Report) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business earned ($0.48) earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. Research analysts predict that Roblox Co. will post -2.1 EPS for the current year.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Roblox by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company’s stock worth $2,115,203,000 after purchasing an additional 1,671,272 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after purchasing an additional 4,927,848 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Roblox by 7.5% in the 2nd quarter. BlackRock Inc. now owns 24,097,576 shares of the company’s stock worth $971,132,000 after purchasing an additional 1,679,463 shares in the last quarter. ARK Investment Management LLC boosted its holdings in shares of Roblox by 28.5% in the 3rd quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company’s stock worth $346,764,000 after purchasing an additional 2,655,333 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Roblox by 6.3% in the 4th quarter. Ieq Capital LLC now owns 9,725,211 shares of the company’s stock worth $444,637,000 after purchasing an additional 573,463 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the topic of several analyst reports. Needham & Company LLC lifted their target price on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Wedbush lifted their price target on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Roth Mkm lifted their price target on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. BMO Capital Markets lifted their price target on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

Read Our Latest Research Report on RBLX

About Roblox

(Get Free Report)

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.

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