Roblox (NYSE:RBLX) Director Sells $749,470.02 in Stock

Key Points

• Director Gregory Baszucki sold 16,666 shares on May 5 at an average price of $44.97 for $749,470.02 under a pre-arranged Rule 10b5-1 plan, leaving him with 1,294,501 shares (a 1.27% reduction).
• Roblox reported Q1 EPS of ($0.35) that beat estimates but revenue of $1.44 billion disappointed expectations, and analysts have trimmed targets—leaving an average rating of "Hold" and an average target price of $87.17.

Roblox Corporation (NYSE:RBLX - Get Free Report) Director Gregory Baszucki sold 16,666 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $44.97, for a total value of $749,470.02. Following the transaction, the director directly owned 1,294,501 shares of the company's stock, valued at $58,213,709.97. This represents a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The shares were sold at an average price of $57.95, for a total value of $965,794.70.

Roblox Price Performance

RBLX stock traded up $1.01 during trading hours on Thursday, hitting $44.77. 10,610,353 shares of the stock traded hands, compared to its average volume of 11,857,446. The stock has a 50-day simple moving average of $58.73 and a 200 day simple moving average of $78.21. Roblox Corporation has a one year low of $41.75 and a one year high of $150.59. The company has a market cap of $30.06 billion, a P/E ratio of -28.33 and a beta of 1.50. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business posted ($0.32) earnings per share. The company's quarterly revenue was up 43.4% on a year-over-year basis. Equities analysts forecast that Roblox Corporation will post -1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several analyst reports. UBS Group reduced their target price on Roblox from $74.00 to $49.00 and set a "neutral" rating for the company in a report on Friday, May 1st. Wells Fargo & Company reduced their target price on Roblox from $97.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Bank of America downgraded Roblox from a "buy" rating to a "neutral" rating and set a $48.00 target price for the company. in a report on Friday, May 1st. Roth Mkm set a $65.00 target price on Roblox in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on Roblox from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $87.17.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently bought and sold shares of RBLX. Reyes Financial Architecture Inc. lifted its stake in Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company's stock worth $25,000 after acquiring an additional 194 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in Roblox in the 1st quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Roblox in the 3rd quarter worth about $26,000. Fideuram Asset Management Ireland dac purchased a new stake in Roblox in the 4th quarter worth about $27,000. Finally, GW&K Investment Management LLC lifted its stake in Roblox by 76.3% in the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company's stock worth $30,000 after acquiring an additional 161 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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