David Baszucki Sells 139,507 Shares of Roblox Corporation (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 139,507 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $105.19, for a total value of $14,674,741.33. Following the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $22,253,891.21. This represents a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, June 26th, David Baszucki sold 27,901 shares of Roblox stock. The stock was sold at an average price of $105.19, for a total transaction of $2,934,906.19.
• On Tuesday, June 24th, David Baszucki sold 38,523 shares of Roblox stock. The shares were sold at an average price of $105.13, for a total transaction of $4,049,922.99.
• On Tuesday, June 24th, David Baszucki sold 192,617 shares of Roblox stock. The stock was sold at an average price of $105.13, for a total transaction of $20,249,825.21.
• On Wednesday, June 25th, David Baszucki sold 9,586 shares of Roblox stock. The shares were sold at an average price of $105.14, for a total transaction of $1,007,872.04.
• On Wednesday, June 25th, David Baszucki sold 47,928 shares of Roblox stock. The stock was sold at an average price of $105.14, for a total value of $5,039,149.92.
• On Tuesday, June 17th, David Baszucki sold 173,711 shares of Roblox stock. The shares were sold at an average price of $100.61, for a total value of $17,477,063.71.
• On Tuesday, June 17th, David Baszucki sold 454,963 shares of Roblox stock. The stock was sold at an average price of $100.61, for a total transaction of $45,773,827.43.
• On Monday, June 16th, David Baszucki sold 88,787 shares of Roblox stock. The stock was sold at an average price of $100.50, for a total transaction of $8,923,093.50.
• On Monday, June 16th, David Baszucki sold 232,537 shares of Roblox stock. The shares were sold at an average price of $100.50, for a total transaction of $23,369,968.50.
• On Wednesday, June 11th, David Baszucki sold 60,047 shares of Roblox stock. The shares were sold at an average price of $95.97, for a total value of $5,762,710.59.

Roblox Trading Down 0.5%

NYSE RBLX traded down $0.48 during trading on Monday, reaching $105.11. 8,941,642 shares of the company's stock traded hands, compared to its average volume of 7,997,798. Roblox Corporation has a 12-month low of $35.30 and a 12-month high of $106.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. The company's 50 day simple moving average is $84.13 and its two-hundred day simple moving average is $69.33.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned ($0.43) earnings per share. Roblox's revenue was up 30.6% on a year-over-year basis. Research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Wedbush reissued a "hold" rating on shares of Roblox in a research note on Monday, June 16th. Citigroup reissued an "overweight" rating on shares of Roblox in a report on Monday, June 16th. Barclays lifted their price target on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Macquarie lifted their target price on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, Roth Mkm increased their price target on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average target price of $80.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBLX. Gordian Capital Singapore Pte Ltd increased its position in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter worth about $39,000. Colonial Trust Co SC acquired a new stake in Roblox in the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust grew its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 94.46% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.