Roblox Corporation (NYSE:RBLX) CEO David Baszucki Sells 14,485 Shares

Key Points

• Roblox CEO David Baszucki sold 14,485 shares of the company's stock for a total of $940,655.90, reducing his ownership by 1.71% to 832,034 shares valued at over $54 million.
• Roblox stock recently traded down 2.8% to $127.09, with a market capitalization of $81.98 billion and a price-to-earnings ratio of -88.87.
• The company's quarterly earnings showed a revenue increase of 50.5% year-over-year, but it missed EPS estimates by $0.04, reporting a loss of ($0.41) per share.

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 14,485 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $64.94, for a total transaction of $940,655.90. Following the completion of the sale, the chief executive officer owned 832,034 shares of the company's stock, valued at $54,032,287.96. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, June 26th, David Baszucki sold 27,901 shares of Roblox stock. The stock was sold at an average price of $105.19, for a total transaction of $2,934,906.19.
• On Thursday, June 26th, David Baszucki sold 139,507 shares of Roblox stock. The stock was sold at an average price of $105.19, for a total transaction of $14,674,741.33.
• On Tuesday, June 24th, David Baszucki sold 38,523 shares of Roblox stock. The stock was sold at an average price of $105.13, for a total transaction of $4,049,922.99.
• On Tuesday, June 24th, David Baszucki sold 192,617 shares of Roblox stock. The stock was sold at an average price of $105.13, for a total transaction of $20,249,825.21.
• On Wednesday, June 25th, David Baszucki sold 9,586 shares of Roblox stock. The stock was sold at an average price of $105.14, for a total transaction of $1,007,872.04.
• On Wednesday, June 25th, David Baszucki sold 47,928 shares of Roblox stock. The stock was sold at an average price of $105.14, for a total transaction of $5,039,149.92.
• On Tuesday, June 17th, David Baszucki sold 173,711 shares of Roblox stock. The stock was sold at an average price of $100.61, for a total transaction of $17,477,063.71.
• On Tuesday, June 17th, David Baszucki sold 454,963 shares of Roblox stock. The shares were sold at an average price of $100.61, for a total transaction of $45,773,827.43.
• On Monday, June 16th, David Baszucki sold 88,787 shares of Roblox stock. The shares were sold at an average price of $100.50, for a total transaction of $8,923,093.50.
• On Monday, June 16th, David Baszucki sold 232,537 shares of Roblox stock. The shares were sold at an average price of $100.50, for a total transaction of $23,369,968.50.

Roblox Trading Down 2.8%

NYSE:RBLX traded down $3.61 on Tuesday, reaching $127.09. 7,404,399 shares of the stock traded hands, compared to its average volume of 8,819,401. The firm has a market capitalization of $81.98 billion, a price-to-earnings ratio of -88.87 and a beta of 1.63. The company's 50 day moving average is $106.02 and its 200-day moving average is $79.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 1-year low of $36.07 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the business earned ($0.32) EPS. Equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RBLX shares. Roth Mkm boosted their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Canaccord Genuity Group upped their target price on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Piper Sandler upped their target price on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen cut shares of Roblox from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Wells Fargo & Company upped their price objective on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $117.59.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd lifted its position 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 buying an additional 240 shares in the last quarter. ORG Partners LLC bought a new stake in Roblox in the 2nd quarter valued at about $33,000. Larson Financial Group LLC raised its stake 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 acquiring an additional 516 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Roblox during the second quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox in the 1st quarter valued at $39,000. 94.46% of the stock is owned by institutional investors.

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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