Roblox Co. (NYSE:RBLX) CEO Sells $60,260,586.12 in Stock

Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 627,453 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.04, for a total value of $60,260,586.12. Following the completion of the transaction, the chief executive officer now directly owns 211,559 shares in the company, valued at approximately $20,318,126.36. This trade represents a 74.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 Thursday, June 5th, David Baszucki sold 262,498 shares of Roblox stock. The shares were sold at an average price of $92.26, for a total value of $24,218,065.48.
• On Thursday, June 5th, David Baszucki sold 687,500 shares of Roblox stock. The stock was 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 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 transaction of $840,799.84.
• On Monday, May 12th, David Baszucki sold 45,074 shares of Roblox stock. The shares were sold at an average price of $74.44, for a total transaction 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 shares were sold at an average price of $72.19, for a total value 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.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.29 during midday trading on Tuesday, reaching $93.71. The company's stock had a trading volume of 7,737,475 shares, compared to its average volume of 7,883,527. The business's 50 day moving average price is $71.61 and its two-hundred day moving average price is $64.75. The company has a market cap of $63.56 billion, a P/E ratio of -64.63 and a beta of 1.56. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a fifty-two week low of $34.41 and a fifty-two week high of $96.28.

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

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. MetLife Investment Management LLC boosted its stake in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Roblox by 1.2% during the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after buying an additional 163 shares in the last quarter. Commerce Bank raised its position in Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after buying an additional 191 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Roblox by 6.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock valued at $194,000 after acquiring an additional 192 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RBLX. Oppenheimer raised their target price on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. BMO Capital Markets reissued an "outperform" rating and issued a $95.00 price objective (up from $82.00) on shares of Roblox in a report on Friday, May 30th. Bank of America increased their price target on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Needham & Company LLC restated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Finally, Macquarie upped their price objective on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.91.

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.