Roblox Corporation (NYSE:RBLX) CEO David Baszucki Sells 232,537 Shares

Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 232,537 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $100.50, for a total value of $23,369,968.50. Following the sale, the chief executive officer now owns 211,559 shares of the company's stock, valued at approximately $21,261,679.50. This represents a 52.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 stock was 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.
• On Thursday, June 5th, David Baszucki sold 262,498 shares of Roblox stock. The shares were sold at an average price of $92.26, for a total value of $24,218,065.48.
• On Thursday, June 5th, David Baszucki sold 687,500 shares of Roblox stock. The stock was sold at an average price of $92.26, for a total value of $63,428,750.00.
• On Monday, June 2nd, David Baszucki sold 262,498 shares of Roblox stock. The shares were sold at an average price of $87.97, for a total value of $23,091,949.06.
• On Monday, June 2nd, David Baszucki sold 687,500 shares of Roblox stock. The stock was sold at an average price of $87.97, for a total value of $60,479,375.00.

Roblox Trading Down 0.5%

RBLX traded down $0.51 during trading on Friday, hitting $102.14. 9,953,279 shares of the stock were exchanged, compared to its average volume of 7,976,520. The firm has a 50 day simple moving average of $79.58 and a 200 day simple moving average of $67.66. The firm has a market cap of $69.28 billion, a price-to-earnings ratio of -76.22 and a beta of 1.56. Roblox Corporation has a 1 year low of $34.62 and a 1 year high of $103.57. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.

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

Wall Street Analysts Forecast Growth

RBLX has been the subject of several analyst reports. Bank of America increased their target price on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating on shares of Roblox in a report on Friday, May 2nd. BMO Capital Markets restated an "outperform" rating and set a $95.00 target price (up from $82.00) on shares of Roblox in a report on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on Roblox from $80.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. Finally, Piper Sandler reissued 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.04.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC boosted its position in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after purchasing an additional 1,971 shares in the last quarter. NewSquare Capital LLC raised its stake in Roblox by 2.7% in the 1st quarter. NewSquare Capital LLC now owns 115,121 shares of the company's stock worth $6,710,000 after acquiring an additional 3,065 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new position in Roblox in the 1st quarter worth $280,000. Amundi raised its stake in Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after acquiring an additional 1,681,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Roblox by 101.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock worth $40,762,000 after acquiring an additional 355,270 shares during the last quarter. Institutional investors 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.