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 stock in a transaction on Monday, June 16th. The stock was sold at an average price of $100.50, for a total transaction of $23,369,968.50. Following the transaction, the chief executive officer now directly owns 211,559 shares in the company, valued at $21,261,679.50. The trade was a 52.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Wednesday, June 11th, David Baszucki sold 60,047 shares of Roblox stock. The shares were 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 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.
• 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 transaction 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 transaction of $63,428,750.00.
• On Monday, June 2nd, David Baszucki sold 262,498 shares of Roblox stock. The stock was sold at an average price of $87.97, for a total transaction of $23,091,949.06.
• On Monday, June 2nd, David Baszucki sold 687,500 shares of Roblox stock. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00.
• On Tuesday, May 20th, David Baszucki sold 10,424 shares of Roblox stock. The stock was sold at an average price of $80.66, for a total transaction of $840,799.84.
• On Monday, May 12th, David Baszucki sold 45,074 shares of Roblox stock. The stock was sold at an average price of $74.44, for a total transaction of $3,355,308.56.

Roblox Stock Performance

Roblox stock traded up $1.49 during mid-day trading on Thursday, hitting $102.61. The company's stock had a trading volume of 8,859,718 shares, compared to its average volume of 7,954,399. Roblox Corporation has a 52-week low of $34.62 and a 52-week high of $103.03. The firm's 50 day moving average is $77.75 and its 200 day moving average is $66.88. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business earned ($0.43) EPS. The business's quarterly revenue was up 30.6% on a year-over-year basis. Analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RBLX. Vanguard Group Inc. grew its holdings in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after buying an additional 4,400,624 shares during the last quarter. FMR LLC boosted its stake in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Ieq Capital LLC boosted its stake in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after buying an additional 2,297,350 shares in the last quarter. Wealthfront Advisers LLC raised its position in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Roblox by 217.4% in the 1st 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 last quarter. 94.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RBLX shares. Benchmark lifted their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $125.00 price target (up previously from $80.00) on shares of Roblox in a research note on Wednesday. Citigroup reaffirmed an "overweight" rating on shares of Roblox in a research note on Monday. Piper Sandler reissued an "overweight" rating and set a $105.00 price target (up previously from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Finally, Bank of America upped their price objective on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.04.

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.