Gregory Baszucki Sells 16,666 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $57.95, for a total transaction of $965,794.70. Following the sale, the director directly owned 1,302,834 shares of the company’s stock, valued at $75,499,230.30. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roblox Stock Up 0.0%

Shares of NYSE RBLX opened at $60.14 on Friday. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The firm has a market capitalization of $39.79 billion, a price-to-earnings ratio of -38.80 and a beta of 1.67. The stock has a 50 day moving average price of $63.12 and a 200 day moving average price of $89.73. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business posted ($0.33) EPS. Roblox’s quarterly revenue was up 122.6% on a year-over-year basis. Sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Roblox during the third quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox in the 3rd quarter worth approximately $37,000. Total Investment Management Inc. purchased a new position in shares of Roblox in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in shares of Roblox during the 3rd quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RBLX. TD Cowen restated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Barclays cut their target price on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Piper Sandler restated an “overweight” rating and issued a $100.00 price target (down from $125.00) on shares of Roblox in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research report on Friday, March 27th. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Roblox in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.52.

About Roblox

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.