Roblox Corporation (NYSE:RBLX) CEO Sells $110,880.00 in Stock

Key Points

• Roblox CEO David Baszucki sold 875 shares of the company's stock for a total of $110,880.00, reducing his ownership by 0.41% to 211,559 shares.
• Roblox's stock has been experiencing a 3.3% decrease, trading at $129.76, following a mixed quarterly earnings report that showed a revenue increase of 50.5% year-over-year but missed EPS estimates.
• Recent analyst reports have resulted in upgraded price targets for Roblox, with a range of $80.00 to $160.00, and an overall average rating of "Moderate Buy."

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 875 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the transaction, the chief executive officer owned 211,559 shares in the company, valued at $26,808,756.48. This represents a 0.41% decrease in their ownership of the stock. 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 Thursday, June 26th, David Baszucki sold 27,901 shares of Roblox stock. The shares were sold at an average price of $105.19, for a total value of $2,934,906.19.
• On Thursday, June 26th, David Baszucki sold 139,507 shares of Roblox stock. The shares were sold at an average price of $105.19, for a total value of $14,674,741.33.
• 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 value 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 shares were 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 value of $5,039,149.92.
• On Tuesday, June 17th, David Baszucki sold 173,711 shares of Roblox stock. The shares were 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 transaction 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 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 value of $23,369,968.50.

Roblox Trading Down 3.3%

Shares of NYSE RBLX traded down $4.38 during trading on Thursday, reaching $129.76. The stock had a trading volume of 7,118,188 shares, compared to its average volume of 9,849,875. The business's 50-day moving average price is $108.75 and its 200-day moving average price is $80.37. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a fifty-two week low of $36.32 and a fifty-two week high of $150.59. The company has a market cap of $83.70 billion, a P/E ratio of -90.74 and a beta of 1.63.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vise Technologies Inc. purchased a new stake in Roblox during the second quarter worth approximately $2,276,000. Allworth Financial LP boosted its holdings in shares of Roblox by 95.7% in the 2nd quarter. Allworth Financial LP now owns 3,090 shares of the company's stock valued at $325,000 after buying an additional 1,511 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Roblox by 99.6% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 27,452 shares of the company's stock worth $2,888,000 after acquiring an additional 13,696 shares in the last quarter. Midwest Trust Co acquired a new position in Roblox in the second quarter valued at $343,000. Finally, FDx Advisors Inc. purchased a new position in shares of Roblox during the second quarter worth about $219,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBLX has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Citigroup boosted their price objective on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Needham & Company LLC lifted their price target on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets lifted their price objective on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Canaccord Genuity Group upped their price target on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $117.59.

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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