Insider Selling: Roblox Corporation (NYSE:RBLX) CEO Sells 192,617 Shares of Stock

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 192,617 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $105.13, for a total transaction of $20,249,825.21. Following the transaction, the chief executive officer now owns 211,559 shares of the company's stock, valued at approximately $22,241,197.67. The trade was a 47.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, June 24th, David Baszucki sold 38,523 shares of Roblox stock. The stock was sold at an average price of $105.13, for a total transaction of $4,049,922.99.
• 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 transaction 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 shares were 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 value 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.
• On Friday, June 6th, David Baszucki sold 239,572 shares of Roblox stock. The stock was sold at an average price of $96.04, for a total value of $23,008,494.88.
• On Friday, June 6th, David Baszucki sold 627,453 shares of Roblox stock. The shares were sold at an average price of $96.04, for a total value of $60,260,586.12.

Roblox Stock Performance

Roblox stock traded up $2.12 during mid-day trading on Thursday, reaching $104.96. The company's stock had a trading volume of 6,694,631 shares, compared to its average volume of 7,970,172. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a twelve month low of $35.27 and a twelve month high of $105.76. The business has a 50 day moving average price of $82.30 and a 200-day moving average price of $68.52. The firm has a market cap of $71.19 billion, a price-to-earnings ratio of -78.32 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The company 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 firm's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the business posted ($0.43) earnings per share. Sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

Several large investors have recently made changes to their positions in RBLX. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the period. Larson Financial Group LLC boosted its position in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the first quarter worth $39,000. Colonial Trust Co SC bought a new position in shares of Roblox in the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RBLX. Needham & Company LLC restated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Roth Mkm lifted their price objective on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price target (up from $85.00) on shares of Roblox in a research note on Thursday, June 5th. JPMorgan Chase & Co. boosted their price target on Roblox from $80.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Finally, Macquarie increased their price target on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus price target of $78.04.

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.