Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 100,000 Shares of Stock

Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 100,000 shares of Roblox stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the sale, the chief executive officer now directly owns 148,845 shares in the company, valued at $5,702,251.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 25th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $36.55, for a total transaction of $1,522,892.30.
• On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The shares were sold at an average price of $40.12, for a total value of $1,671,639.92.
• On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00.
• On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total transaction of $8,818,000.00.

Roblox Stock Performance

Shares of NYSE:RBLX traded up $0.71 during midday trading on Wednesday, hitting $39.80. The company had a trading volume of 10,248,290 shares, compared to its average volume of 7,764,596. The company has a market cap of $23.15 billion, a price-to-earnings ratio of -20.91 and a beta of 1.63. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The company has a fifty day moving average of $40.02 and a two-hundred day moving average of $38.42. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.65.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping analysts' consensus estimates of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm's revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.48) EPS. On average, equities research analysts expect that Roblox Co. will post -2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

A number of institutional investors and hedge funds have recently bought and sold shares of RBLX. Quadrature Capital Ltd bought a new stake in shares of Roblox during the fourth quarter valued at approximately $1,363,000. PNC Financial Services Group Inc. increased its holdings in Roblox by 22.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,697 shares of the company's stock valued at $626,000 after acquiring an additional 2,487 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Roblox in the 4th quarter valued at $233,000. Vanguard Group Inc. lifted its stake in Roblox by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company's stock worth $2,115,203,000 after purchasing an additional 1,671,272 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Roblox during the fourth quarter valued at about $1,870,000. 91.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company initiated coverage on shares of Roblox in a report on Wednesday, December 13th. They set an "overweight" rating and a $49.00 price target on the stock. Roth Mkm boosted their price target on shares of Roblox from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Wedbush boosted their target price on shares of Roblox from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Needham & Company LLC upped their price target on shares of Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets lifted their price target on shares of Roblox from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.25.

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.

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