Roblox Co. (NYSE:RBLX) Director Sells $525,850.00 in Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $40.45, for a total value of $525,850.00. Following the sale, the director now owns 9,708,603 shares in the company, valued at $392,712,991.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 26th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $36.67, for a total value of $476,710.00.

Roblox Stock Performance

RBLX stock opened at $40.51 on Monday. The company has a market cap of $23.95 billion, a P/E ratio of -21.78 and a beta of 1.59. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The business’s fifty day moving average is $36.74 and its 200-day moving average is $38.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The business had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. During the same quarter last year, the business posted ($0.44) EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. Equities research analysts forecast that Roblox Co. will post -1.66 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on RBLX. Wells Fargo & Company increased their price target on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Jefferies Financial Group began coverage on Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. The Goldman Sachs Group decreased their price objective on Roblox from $48.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $40.00 price objective (down from $56.00) on shares of Roblox in a research report on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $42.59.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox in the 4th quarter valued at about $25,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Roblox in the 1st quarter valued at about $39,000. Blue Trust Inc. grew its holdings in shares of Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after acquiring an additional 912 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 91.08% 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.