Insider Selling: Roblox Corporation (NYSE:RBLX) CEO Sells 875 Shares of 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 Roblox 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 sale, the chief executive officer directly owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 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 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 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 shares were 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 value of $23,369,968.50.

Roblox Price Performance

NYSE:RBLX traded up $2.99 during trading hours on Monday, reaching $131.70. 1,705,850 shares of the company were exchanged, compared to its average volume of 8,735,201. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock's 50-day moving average is $109.58 and its 200-day moving average is $81.00. The firm has a market cap of $84.95 billion, a PE ratio of -92.16 and a beta of 1.63. Roblox Corporation has a twelve month low of $36.91 and a twelve month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (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 during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The company's quarterly revenue was up 50.5% on a year-over-year basis. On average, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roblox

Several institutional investors have recently bought and sold shares of RBLX. AQR Capital Management LLC grew its holdings 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 purchasing an additional 6,007,322 shares during the period. Vanguard Group Inc. lifted its holdings in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after acquiring an additional 4,400,624 shares during the last quarter. Durable Capital Partners LP acquired a new position in Roblox in the fourth quarter valued at approximately $246,560,000. Ninety One UK Ltd acquired a new position in Roblox in the first quarter valued at approximately $137,379,000. Finally, Whale Rock Capital Management LLC lifted its holdings in Roblox by 95.8% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after acquiring an additional 2,326,588 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, August 1st. BTIG Research set a $131.00 price target on Roblox and gave the company a "buy" rating in a report on Monday, July 28th. Macquarie boosted their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Oppenheimer reiterated an "outperform" rating and issued a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.