Roblox Corporation (NYSE:RBLX) CEO David Baszucki Sells 454,963 Shares

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 454,963 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total value of $45,773,827.43. Following the sale, the chief executive officer now owns 211,559 shares in the company, valued at $21,284,950.99. This represents a 68.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 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.
• On Thursday, June 5th, David Baszucki sold 262,498 shares of Roblox stock. The stock was sold at an average price of $92.26, for a total transaction of $24,218,065.48.
• On Thursday, June 5th, David Baszucki sold 687,500 shares of Roblox stock. The shares were sold at an average price of $92.26, for a total transaction of $63,428,750.00.
• On Monday, June 2nd, David Baszucki sold 262,498 shares of Roblox stock. The stock was sold at an average price of $87.97, for a total transaction of $23,091,949.06.
• On Monday, June 2nd, David Baszucki sold 687,500 shares of Roblox stock. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00.

Roblox Stock Up 1.4%

NYSE RBLX traded up $1.44 on Monday, reaching $103.53. The company had a trading volume of 6,722,848 shares, compared to its average volume of 8,779,761. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The company's fifty day moving average is $79.58 and its 200 day moving average is $67.72. Roblox Corporation has a 52-week low of $34.62 and a 52-week high of $104.63. The stock has a market capitalization of $70.22 billion, a P/E ratio of -77.26 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. FBN Securities initiated coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. Needham & Company LLC restated a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Canaccord Genuity Group lifted their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roblox from $80.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.04.

Hedge Funds Weigh In On Roblox

Institutional investors have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% in 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 during the last quarter. Larson Financial Group LLC raised its stake in shares of 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 purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox in the 1st quarter worth about $39,000. Colonial Trust Co SC bought a new position in Roblox during the fourth quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the last quarter. 94.46% of the stock is 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.