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 Roblox stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $22,253,891.21. This represents a 39.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $105.19, for a total value 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 value of $4,049,922.99.
• On Tuesday, June 24th, David Baszucki sold 192,617 shares of Roblox stock. The shares were 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 stock was 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 shares were sold at an average price of $105.14, for a total transaction 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 shares were sold at an average price of $100.61, for a total value 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 stock was 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 stock was sold at an average price of $95.97, for a total transaction of $5,762,710.59.

Roblox Trading Up 1.1%

Shares of RBLX traded up $1.17 during midday trading on Thursday, hitting $103.57. The stock had a trading volume of 3,215,401 shares, compared to its average volume of 8,041,105. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $106.17. The firm has a market cap of $70.25 billion, a PE ratio of -77.29 and a beta of 1.60. The stock's 50 day moving average is $86.58 and its 200 day moving average is $70.08.

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

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its holdings in shares of Roblox by 18.0% in the 4th quarter. IFP Advisors Inc now owns 2,926 shares of the company's stock worth $169,000 after buying an additional 447 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Roblox by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,736,556 shares of the company's stock valued at $100,477,000 after acquiring an additional 9,481 shares during the period. Amalgamated Bank lifted its stake in shares of Roblox by 3.7% during the 4th quarter. Amalgamated Bank now owns 35,271 shares of the company's stock worth $2,041,000 after purchasing an additional 1,256 shares during the last quarter. New York Life Investment Management LLC purchased a new position in Roblox in the fourth quarter valued at about $533,000. Finally, Proficio Capital Partners LLC bought a new position in Roblox in the fourth quarter worth about $6,455,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RBLX. Wells Fargo & Company increased their price objective on Roblox from $78.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. Roth Mkm increased their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and issued a $105.00 target price (up previously from $85.00) on shares of Roblox in a report on Thursday, June 5th. Wedbush upgraded Roblox to a "strong-buy" rating in a research note on Tuesday. Finally, Bank of America lifted their price objective on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $83.52.

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.