Insider Selling: Roblox (NYSE:RBLX) Director Sells 16,666 Shares of Stock

Roblox Corporation (NYSE:RBLX) Director Gregory Baszucki sold 16,666 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $44.97, for a total value of $749,470.02. Following the completion of the sale, the director directly owned 1,294,501 shares of the company’s stock, valued at approximately $58,213,709.97. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The stock was sold at an average price of $57.95, for a total value of $965,794.70.

Roblox Stock Up 2.3%

Shares of RBLX traded up $1.01 during midday trading on Thursday, reaching $44.77. 10,610,353 shares of the stock were exchanged, compared to its average volume of 11,857,446. Roblox Corporation has a 12-month low of $41.75 and a 12-month high of $150.59. The firm has a 50 day simple moving average of $58.73 and a 200-day simple moving average of $78.21. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The company has a market cap of $30.06 billion, a price-to-earnings ratio of -28.33 and a beta of 1.50.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business earned ($0.32) EPS. The business’s quarterly revenue was up 43.4% on a year-over-year basis. Research analysts forecast that Roblox Corporation will post -1.53 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of recent research reports. Piper Sandler downgraded Roblox from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $100.00 to $50.00 in a research note on Monday. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research note on Friday, March 27th. DA Davidson cut their price target on Roblox from $65.00 to $47.50 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Bank of America downgraded Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Roblox has a consensus rating of “Hold” and a consensus target price of $87.17.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after acquiring an additional 1,020,786 shares during the period. Capital International Investors boosted its holdings in Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares during the period. Morgan Stanley boosted its holdings in Roblox by 8.1% during the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after acquiring an additional 1,555,549 shares during the period. State Street Corp boosted its holdings in Roblox by 3.3% during the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after acquiring an additional 442,518 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Roblox by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after buying an additional 547,103 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.