Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 6,448 Shares

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,448 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the transaction, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at $7,534,574.49. This represents a 4.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10.
• On Thursday, December 5th, David Baszucki sold 333,334 shares of Roblox stock. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54.

Roblox Stock Performance

Shares of Roblox stock opened at $62.52 on Friday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The firm has a 50-day moving average of $64.04 and a 200-day moving average of $52.35. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

A number of large investors have recently modified their holdings of the company. Creative Planning increased its position in shares of Roblox by 6.2% during the 3rd quarter. Creative Planning now owns 138,247 shares of the company’s stock valued at $6,119,000 after purchasing an additional 8,097 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Roblox by 61.2% during the 3rd quarter. Blue Trust Inc. now owns 6,337 shares of the company’s stock valued at $280,000 after acquiring an additional 2,406 shares during the last quarter. Signaturefd LLC lifted its position in Roblox by 21.6% in the 3rd quarter. Signaturefd LLC now owns 5,900 shares of the company’s stock worth $261,000 after buying an additional 1,047 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in Roblox in the 3rd quarter worth approximately $224,000. Finally, International Assets Investment Management LLC lifted its position in Roblox by 1,430.3% in the third quarter. International Assets Investment Management LLC now owns 84,271 shares of the company’s stock valued at $3,730,000 after purchasing an additional 78,764 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on RBLX shares. CICC Research assumed coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. The Goldman Sachs Group raised their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Needham & Company LLC lifted their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.19.

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.