Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 118,051 Shares

Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 118,051 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $74.44, for a total value of $8,787,716.44. Following the sale, the chief executive officer now owns 221,983 shares in the company, valued at $16,524,414.52. This represents a 34.72% 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 Monday, May 12th, David Baszucki sold 45,074 shares of Roblox stock. The stock was sold at an average price of $74.44, for a total transaction of $3,355,308.56.
• On Monday, May 5th, David Baszucki sold 1,375,002 shares of Roblox stock. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38.
• On Monday, April 7th, David Baszucki sold 229,167 shares of Roblox stock. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16.
• On Monday, March 17th, David Baszucki sold 34,099 shares of Roblox stock. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95.
• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The stock was sold at an average price of $64.94, for a total transaction of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The shares were sold at an average price of $60.50, for a total transaction of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84.

Roblox Price Performance

Shares of NYSE:RBLX traded down $0.61 during midday trading on Monday, hitting $80.66. The company's stock had a trading volume of 4,619,002 shares, compared to its average volume of 7,719,077. The business's 50 day simple moving average is $62.73 and its 200 day simple moving average is $60.86. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $82.02. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $50.81 billion, a P/E ratio of -55.62 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company's revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. On average, analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd lifted 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 purchasing an additional 240 shares during the last quarter. 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. acquired a new position in Roblox in the 1st quarter worth about $39,000. Colonial Trust Co SC acquired a new stake in Roblox in the fourth quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Roblox by 44.5% in 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. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating on shares of Roblox in a research report on Friday, May 2nd. Oppenheimer increased their target price on shares of Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Finally, Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average target price of $68.68.

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.