Roblox Corporation (NYSE:RBLX) CEO David Baszucki Sells 47,928 Shares

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 47,928 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $105.14, for a total value of $5,039,149.92. Following the transaction, the chief executive officer now owns 211,559 shares of the company's stock, valued at $22,243,313.26. This trade represents a 18.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 value 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 value 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 value of $1,007,872.04.
• 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 value of $17,477,063.71.
• On Tuesday, June 17th, David Baszucki sold 454,963 shares of Roblox stock. The stock was sold at an average price of $100.61, for a total value of $45,773,827.43.
• On Monday, June 16th, David Baszucki sold 88,787 shares of Roblox stock. The stock was sold at an average price of $100.50, for a total value of $8,923,093.50.
• On Monday, June 16th, David Baszucki sold 232,537 shares of Roblox stock. The stock was sold at an average price of $100.50, for a total value of $23,369,968.50.
• On Wednesday, June 11th, David Baszucki sold 60,047 shares of Roblox stock. The stock was sold at an average price of $95.97, for a total value of $5,762,710.59.
• 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 value 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 value of $60,260,586.12.

Roblox Stock Up 0.8%

Shares of RBLX traded up $0.80 during midday trading on Friday, hitting $105.80. The stock had a trading volume of 11,052,616 shares, compared to its average volume of 7,993,991. The company has a 50 day simple moving average of $84.13 and a two-hundred day simple moving average of $69.33. Roblox Corporation has a twelve month low of $35.30 and a twelve month high of $105.87. The firm has a market cap of $71.76 billion, a price-to-earnings ratio of -78.96 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted ($0.43) EPS. The company's revenue for the quarter was up 30.6% on a year-over-year basis. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Benchmark boosted their target price on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Macquarie boosted their target price on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wedbush reiterated a "hold" rating on shares of Roblox in a research note on Monday, June 16th. Finally, Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $79.70.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the 1st quarter valued at about $39,000. Colonial Trust Co SC bought a new position in shares of Roblox in the 4th quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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.