David Baszucki Sells 34,099 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 34,099 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $12,664,130.15. This trade represents a 13.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The shares were sold at an average price of $64.94, for a total value of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The stock was sold at an average price of $60.50, for a total value of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The shares were sold at an average price of $61.33, for a total transaction of $395,455.84.
• 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.

Roblox Trading Up 5.7 %

NYSE:RBLX traded up $3.29 during mid-day trading on Friday, hitting $61.21. 13,368,982 shares of the company's stock were exchanged, compared to its average volume of 7,623,022. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a 50 day simple moving average of $63.54 and a 200-day simple moving average of $54.90. The firm has a market capitalization of $37.89 billion, a P/E ratio of -42.21 and a beta of 1.49.

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

Analyst Ratings Changes

Several brokerages recently issued reports on RBLX. Benchmark reiterated a "buy" rating and issued a $71.00 price target on shares of Roblox in a research note on Tuesday, March 18th. JPMorgan Chase & Co. upped their target price on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. Morgan Stanley raised their price target on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Wedbush reaffirmed an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. Finally, OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $64.19.

Hedge Funds Weigh In On Roblox

Hedge funds have recently made changes to their positions in the stock. Thoma Capital Management LLC acquired a new stake in Roblox during the 4th quarter valued at approximately $687,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roblox by 67.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company's stock valued at $3,372,000 after purchasing an additional 23,431 shares during the last quarter. Siemens Fonds Invest GmbH increased its position in shares of Roblox by 87.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company's stock worth $573,000 after buying an additional 4,629 shares during the period. Integrated Advisors Network LLC bought a new position in Roblox during the fourth quarter worth $201,000. Finally, Polar Asset Management Partners Inc. lifted its holdings in Roblox by 21.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company's stock valued at $4,745,000 after buying an additional 14,600 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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.