David Baszucki Sells 66,896 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLXGet Free Report) CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $76.48, for a total transaction of $5,116,206.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, December 18th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $84.73, for a total value of $5,668,098.08.
  • On Thursday, November 20th, David Baszucki sold 10,584 shares of Roblox stock. The shares were sold at an average price of $95.24, for a total value of $1,008,020.16.
  • On Tuesday, November 11th, David Baszucki sold 66,896 shares of Roblox stock. The stock was sold at an average price of $104.53, for a total value of $6,992,638.88.

Roblox Price Performance

Shares of RBLX stock opened at $73.23 on Friday. The stock’s 50-day moving average is $91.01 and its 200 day moving average is $112.70. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. 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 company has a market cap of $47.95 billion, a P/E ratio of -51.21 and a beta of 1.64.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RBLX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $159.00 price target on shares of Roblox in a research report on Friday, October 31st. Piper Sandler set a $130.00 price objective on Roblox in a research report on Friday, October 31st. Canaccord Genuity Group set a $160.00 target price on Roblox in a research report on Thursday, October 30th. The Goldman Sachs Group upgraded Roblox from a “neutral” rating to a “buy” rating and increased their price target for the company from $155.00 to $180.00 in a research note on Friday, October 31st. Finally, Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.65.

Read Our Latest Report on Roblox

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. WPG Advisers LLC raised its stake in shares of Roblox by 17.8% in the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after purchasing an additional 84 shares during the last quarter. Baird Financial Group Inc. raised its position in Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after buying an additional 102 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after acquiring an additional 105 shares during the period. Lido Advisors LLC boosted its holdings in shares of Roblox by 1.3% in the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after acquiring an additional 106 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

More Roblox News

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Roblox Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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