Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 687,500 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $92.26, for a total value of $63,428,750.00. Following the sale, the chief executive officer now owns 211,559 shares of the company's stock, valued at approximately $19,518,433.34. The trade was a 76.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 stock was 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 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 transaction 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 transaction 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 stock was 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.
- 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 transaction of $12,026,684.16.
Roblox Stock Down 1.3%
Shares of RBLX stock traded down $1.21 during trading on Thursday, reaching $94.96. The company's stock had a trading volume of 8,669,756 shares, compared to its average volume of 7,897,798. Roblox Co. has a 1-year low of $34.41 and a 1-year high of $98.11. The stock's 50-day moving average price is $73.18 and its 200 day moving average price is $65.16. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market capitalization of $64.41 billion, a price-to-earnings ratio of -65.49 and a beta of 1.56.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned ($0.43) EPS. The company's revenue was up 30.6% compared to the same quarter last year. On average, research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.
Hedge Funds Weigh In On Roblox
Several institutional investors have recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd grew its stake in shares of Roblox by 74.8% during the 4th 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 Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox during the 1st quarter worth about $39,000. Colonial Trust Co SC purchased a new position in shares of Roblox during the 4th quarter worth about $41,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on RBLX shares. Piper Sandler restated an "overweight" rating and set a $105.00 target price (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. Wells Fargo & Company boosted their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average target price of $76.09.
Get Our Latest Stock Report on RBLX
Roblox Company Profile
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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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