Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 6,585 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 6,585 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total value of $214,407.60. Following the completion of the sale, the chief executive officer now owns 142,260 shares of the company’s stock, valued at $4,631,985.60. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, April 8th, David Baszucki sold 100,000 shares of Roblox stock. The stock was sold at an average price of $38.31, for a total value of $3,831,000.00.
• On Monday, March 25th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $36.55, for a total value of $1,522,892.30.
• On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The stock was sold at an average price of $40.12, for a total transaction of $1,671,639.92.

Roblox Trading Up 1.8 %

Shares of NYSE:RBLX opened at $33.13 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a 50-day moving average price of $36.39 and a 200 day moving average price of $39.47.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The company had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. During the same period in the prior year, the company posted ($0.44) EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, research analysts expect that Roblox Co. will post -1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RBLX shares. Wedbush dropped their target price on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, May 10th. Benchmark dropped their target price on shares of Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. Roth Capital downgraded shares of Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. The Goldman Sachs Group dropped their target price on shares of Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 target price (down previously from $56.00) on shares of Roblox in a report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.76.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Roblox in the 4th quarter worth about $25,000. Washington Trust Advisors Inc. purchased a new stake in Roblox in the 1st quarter worth about $39,000. Blue Trust Inc. raised its position in Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares during the period. Allworth Financial LP raised its position in Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares during the period. Finally, Rakuten Securities Inc. purchased a new position in shares of Roblox during the fourth quarter worth approximately $58,000. 91.08% of the stock is owned by hedge funds and other 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.