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 firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $105.14, for a total value of $5,039,149.92. Following the sale, the chief executive officer now directly owns 211,559 shares in the company, valued at approximately $22,243,313.26. The trade was a 18.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, June 24th, David Baszucki sold 38,523 shares of Roblox stock. The shares were 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 shares were 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 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 shares were 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 shares were sold at an average price of $100.50, for a total transaction 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 transaction of $5,762,710.59.
• 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 shares were sold at an average price of $96.04, for a total transaction of $60,260,586.12.

Roblox Price Performance

Shares of Roblox stock traded up $2.12 on Thursday, hitting $104.96. The company's stock had a trading volume of 6,694,631 shares, compared to its average volume of 7,970,172. The company has a market capitalization of $71.19 billion, a price-to-earnings ratio of -78.32 and a beta of 1.56. Roblox Corporation has a 1 year low of $35.27 and a 1 year high of $105.76. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average price of $82.30 and a 200-day moving average price of $68.52.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.14 billion. During the same quarter last year, the firm posted ($0.43) EPS. The business's revenue was up 30.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RBLX shares. Oppenheimer restated an "outperform" rating and issued a $125.00 target price (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and issued a $105.00 target price (up previously from $85.00) on shares of Roblox in a research report on Thursday, June 5th. BMO Capital Markets reissued an "outperform" rating and set a $95.00 price target (up from $82.00) on shares of Roblox in a research report on Friday, May 30th. Finally, Macquarie upped their price objective on shares of 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, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.04.

Hedge Funds Weigh In On Roblox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. increased its stake in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. FMR LLC increased its stake in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

About Roblox

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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