Roblox Co. (NYSE:RBLX) CEO Sells $5,762,710.59 in Stock

Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 60,047 shares of Roblox stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $95.97, for a total transaction of $5,762,710.59. Following the completion of the sale, the chief executive officer now owns 211,559 shares in the company, valued at $20,303,317.23. This trade represents a 22.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 6th, David Baszucki sold 239,572 shares of Roblox stock. The shares were sold at an average price of $96.04, for a total transaction 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 transaction 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 value of $63,428,750.00.
• On Monday, June 2nd, David Baszucki sold 262,498 shares of Roblox stock. The shares were sold at an average price of $87.97, for a total value 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 value of $60,479,375.00.
• On Tuesday, May 20th, David Baszucki sold 10,424 shares of Roblox stock. The stock was sold at an average price of $80.66, for a total value of $840,799.84.
• 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 value of $3,355,308.56.
• On Monday, May 12th, David Baszucki sold 118,051 shares of Roblox stock. The shares were sold at an average price of $74.44, for a total transaction of $8,787,716.44.
• 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.

Roblox Stock Performance

Shares of RBLX traded up $2.23 during mid-day trading on Friday, hitting $97.34. 9,208,006 shares of the company's stock were exchanged, compared to its average volume of 7,915,684. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 52 week low of $34.41 and a 52 week high of $98.15. The stock's 50-day simple moving average is $74.03 and its 200-day simple moving average is $65.48. The firm has a market cap of $66.02 billion, a price-to-earnings ratio of -67.13 and a beta of 1.56.

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

Institutional Trading of Roblox

Several large investors have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd lifted its position in Roblox by 74.8% during 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 period. Larson Financial Group LLC lifted its holdings 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 acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox during the 1st quarter worth approximately $39,000. Colonial Trust Co SC acquired a new stake in shares of Roblox during the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust increased its stake in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on RBLX shares. Wedbush lifted their price objective on shares of Roblox from $91.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday. Morgan Stanley lowered their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Canaccord Genuity Group upped their price objective on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Roblox from $80.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Finally, Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $76.09.

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.

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