Gregory Baszucki Sells 13,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the sale, the director now directly owns 9,662,103 shares in the company, valued at approximately $461,365,418.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, August 28th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $573,170.00.
• On Wednesday, July 24th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $40.45, for a total value of $525,850.00.

Roblox Price Performance

Roblox stock traded down $2.78 during midday trading on Thursday, reaching $44.86. The company’s stock had a trading volume of 7,958,276 shares, compared to its average volume of 7,240,489. The business has a 50-day moving average price of $42.19 and a 200-day moving average price of $38.51. The stock has a market cap of $26.85 billion, a PE ratio of -25.60 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 52 week low of $26.78 and a 52 week high of $48.43.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. The firm’s revenue was up 31.2% compared to the same quarter last year. On average, sell-side analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Roth Mkm upped their target price on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. BTIG Research boosted their target price on Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 price target on shares of Roblox in a report on Tuesday, July 30th. Barclays upped their price objective on shares of Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Macquarie lifted their target price on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.81.

Institutional Trading of Roblox

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Roblox by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 442,836 shares of the company’s stock worth $20,250,000 after purchasing an additional 59,327 shares during the period. Janney Montgomery Scott LLC increased its holdings in Roblox by 85.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,235 shares of the company’s stock worth $605,000 after purchasing an additional 6,082 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Roblox by 22.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,697 shares of the company’s stock valued at $626,000 after buying an additional 2,487 shares during the period. US Bancorp DE increased its stake in shares of Roblox by 34.8% in the 4th quarter. US Bancorp DE now owns 65,289 shares of the company’s stock valued at $2,985,000 after acquiring an additional 16,869 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Roblox by 6.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 107,800 shares of the company’s stock valued at $4,929,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 91.08% of the company’s stock.

About Roblox

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.