Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 138,555 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the sale, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
David Baszucki also recently made the following trade(s):
- On Thursday, December 5th, David Baszucki sold 333,334 shares of Roblox stock. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54.
- On Wednesday, November 20th, David Baszucki sold 6,460 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $332,237.80.
- On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $50.71, for a total transaction of $8,451,632.86.
Roblox Stock Down 1.1 %
Shares of NYSE RBLX traded down $0.71 during midday trading on Friday, reaching $66.41. 23,957,585 shares of the company's stock were exchanged, compared to its average volume of 9,656,356. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The business's fifty day moving average price is $62.47 and its two-hundred day moving average price is $50.62. The stock has a market capitalization of $40.34 billion, a PE ratio of -40.49 and a beta of 1.46.
Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Analysts forecast that Roblox Co. will post -1.56 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently commented on RBLX. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research report on Friday. HSBC initiated coverage on Roblox in a report on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating for the company. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.19.
Read Our Latest Research Report on RBLX
Institutional Trading of Roblox
Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Ieq Capital LLC increased its holdings in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares during the last quarter. State Street Corp raised its stake in Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock valued at $480,482,000 after buying an additional 240,565 shares in the last quarter. Finally, ValueAct Holdings L.P. lifted its holdings in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after buying an additional 7,835,921 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.
About Roblox
(
Get Free Report)
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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