David Baszucki Sells 138,555 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 5th, David Baszucki sold 333,334 shares of Roblox stock. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54.
• On Wednesday, November 20th, David Baszucki sold 6,460 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $332,237.80.
• On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $50.71, for a total value of $8,451,632.86.

Roblox Stock Performance

Roblox stock traded down $0.42 during trading hours on Monday, hitting $70.65. The stock had a trading volume of 7,743,933 shares, compared to its average volume of 6,769,234. The company has a 50-day moving average of $60.34 and a two-hundred day moving average of $49.69. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $42.92 billion, a PE ratio of -43.08 and a beta of 1.46. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $71.89.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.45) EPS. On average, equities research analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Roth Mkm lifted their price target on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price target on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, Barclays boosted their target price on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.05.

Institutional Investors Weigh In On Roblox

Several large investors have recently modified their holdings of the stock. Simon Quick Advisors LLC grew its stake in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after purchasing an additional 217 shares during the period. Versant Capital Management Inc grew its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Impact Partnership Wealth LLC grew its position in Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after acquiring an additional 245 shares during the last quarter. Yousif Capital Management LLC grew its position in Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.