David Baszucki Sells 10,834 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) CEO David Baszucki sold 10,834 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the completion of the transaction, the chief executive officer owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 10th, David Baszucki sold 272,269 shares of Roblox stock. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54.
• On Wednesday, January 7th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $76.48, for a total value of $5,116,206.08.
• On Thursday, December 18th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $84.73, for a total transaction of $5,668,098.08.

Roblox Stock Performance

RBLX traded up $4.66 on Tuesday, reaching $67.09. The stock had a trading volume of 11,345,501 shares, compared to its average volume of 14,090,110. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The company has a market cap of $44.39 billion, a P/E ratio of -43.29 and a beta of 1.63. The business’s 50-day moving average price is $74.92 and its two-hundred day moving average price is $103.03.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.Roblox’s revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.33) earnings per share. Sell-side analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Reyes Financial Architecture Inc. raised its holdings in Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after acquiring an additional 194 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Roblox in the third quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Roblox during the 4th quarter valued at $27,000. Total Investment Management Inc. bought a new position in shares of Roblox during the 2nd quarter worth about $29,000. Finally, GW&K Investment Management LLC boosted its holdings in Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after acquiring an additional 161 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RBLX. B. Riley Financial started coverage on shares of Roblox in a research report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 target price for the company. Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $84.00 in a report on Monday, February 9th. TD Cowen reiterated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. UBS Group set a $74.00 price objective on Roblox in a research report on Friday, February 6th. Finally, Macquarie Infrastructure lifted their price objective on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.44.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.