Roblox Co. (NYSE:RBLX) CEO David Baszucki Sells 195,068 Shares

Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 195,068 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $64.94, for a total value of $12,667,715.92. Following the transaction, the chief executive officer now directly owns 122,853 shares in the company, valued at $7,978,073.82. This represents a 61.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 stock was sold at an average price of $61.33, for a total value of $395,455.84.
• On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The stock was sold at an average price of $71.62, for a total value 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 value of $19,103,371.54.

Roblox Stock Down 2.3 %

Shares of NYSE:RBLX traded down $1.33 during mid-day trading on Friday, hitting $57.24. 11,385,225 shares of the company traded hands, compared to its average volume of 7,565,890. The firm has a market cap of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The firm's 50 day simple moving average is $64.23 and its 200 day simple moving average is $53.99.

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Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC increased its holdings in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after purchasing an additional 161 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after purchasing an additional 217 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of research analyst reports. Citigroup boosted their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 target price on the stock. Wedbush reiterated an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their target price on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

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.