Insider Selling: Roblox (NYSE:RBLX) CEO Sells $6,992,638.88 in 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 shares were sold at an average price of $104.53, for a total value of $6,992,638.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Roblox Trading Up 1.0%

Shares of RBLX stock opened at $102.25 on Friday. Roblox Corporation has a 1-year low of $47.95 and a 1-year high of $150.59. The company has a market cap of $66.96 billion, a price-to-earnings ratio of -71.50 and a beta of 1.61. 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 has a 50 day simple moving average of $125.83 and a 200-day simple moving average of $112.22.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate 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%. The firm’s revenue was up 70.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America raised 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. Roth Capital restated a “neutral” rating and issued a $146.00 target price on shares of Roblox in a research report on Friday, October 17th. Piper Sandler set a $130.00 price target on Roblox in a research note on Friday, October 31st. Arete Research set a $116.00 price objective on Roblox in a research note on Tuesday, September 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $159.00 price objective on shares of Roblox in a report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Roblox during the 3rd quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Roblox during the third quarter worth about $37,000. Total Investment Management Inc. acquired a new position in Roblox in the 2nd quarter valued at about $29,000. Root Financial Partners LLC purchased a new stake in shares of Roblox in the 3rd quarter valued at approximately $38,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Roblox during the 3rd quarter worth approximately $41,000. 94.46% of the stock is owned by institutional investors and hedge funds.

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.