Roblox Co. (NYSE:RBLX) CEO Sells $332,237.80 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,460 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $332,237.80. Following the transaction, the chief executive officer now owns 129,295 shares in the company, valued at approximately $6,649,641.85. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 18th, David Baszucki sold 166,666 shares of Roblox stock. The stock was sold at an average price of $50.71, for a total value of $8,451,632.86.
• On Friday, October 25th, David Baszucki sold 166,668 shares of Roblox stock. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20.
• On Wednesday, September 18th, David Baszucki sold 166,666 shares of Roblox stock. The shares were sold at an average price of $45.56, for a total transaction of $7,593,302.96.

Roblox Trading Up 0.1 %

Shares of RBLX traded up $0.03 during trading hours on Friday, hitting $49.38. 6,787,997 shares of the stock traded hands, compared to its average volume of 7,628,171. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The firm has a market capitalization of $30.00 billion, a PE ratio of -30.08 and a beta of 1.56. The business has a fifty day moving average of $45.93 and a 200-day moving average of $40.88.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted ($0.45) earnings per share. Roblox’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RBLX. Needham & Company LLC raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Piper Sandler boosted their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays raised their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, BTIG Research raised their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in RBLX. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after buying an additional 7,835,921 shares during the last quarter. FMR LLC boosted its stake in Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC grew its holdings in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the period. Whale Rock Capital Management LLC bought a new stake in Roblox in the third quarter valued at approximately $107,491,000. Finally, Greenvale Capital LLP acquired a new stake in Roblox in the second quarter worth $89,304,000. 91.08% of the stock is owned by institutional investors and hedge funds.

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.