Gregory Baszucki Sells 13,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total value of $456,040.00. Following the completion of the transaction, the director now owns 9,747,603 shares in the company, valued at $341,945,913.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, March 27th, Gregory Baszucki sold 13,000 shares of Roblox stock. The stock was sold at an average price of $37.64, for a total value of $489,320.00.

Roblox Price Performance

RBLX opened at $35.98 on Friday. The stock’s 50 day simple moving average is $38.53 and its 200 day simple moving average is $39.00. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of -19.24 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned ($0.48) EPS. Roblox’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, analysts predict that Roblox Co. will post -2.09 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently bought and sold shares of RBLX. Vanguard Group Inc. lifted its holdings in Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after buying an additional 10,025,779 shares during the period. Ieq Capital LLC lifted its holdings in Roblox by 158.0% in the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after buying an additional 5,604,995 shares during the period. Franklin Resources Inc. lifted its holdings in Roblox by 195.1% in the 4th quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock worth $357,043,000 after buying an additional 5,162,833 shares during the period. Morgan Stanley lifted its holdings in Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after buying an additional 4,927,848 shares during the period. Finally, Norges Bank purchased a new stake in Roblox in the 4th quarter worth approximately $216,194,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $53.00 target price on shares of Roblox in a research note on Monday, April 22nd. Benchmark restated a “buy” rating and issued a $50.00 target price on shares of Roblox in a research note on Tuesday. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. BMO Capital Markets upped their target price on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

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.