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

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $37.64, for a total transaction of $489,320.00. Following the completion of the sale, the director now owns 9,760,603 shares of the company’s stock, valued at approximately $367,389,096.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, January 24th, Gregory Baszucki sold 8,333 shares of Roblox stock. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61.

Roblox Price Performance

NYSE:RBLX opened at $38.18 on Friday. The business’s 50-day moving average price is $40.45 and its 200 day moving average price is $37.69. The firm has a market cap of $22.20 billion, a P/E ratio of -20.42 and a beta of 1.66. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.65. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company posted ($0.48) EPS. Roblox’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, sell-side analysts predict that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RBLX shares. Benchmark reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Roblox in a research report on Tuesday, January 23rd. Wedbush lifted their price objective on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Wells Fargo & Company assumed coverage on shares of Roblox in a research note on Wednesday, December 13th. They set an “overweight” rating and a $49.00 price objective for the company. BMO Capital Markets boosted their target price on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.25.

Institutional Investors Weigh In On Roblox

Several institutional investors have recently made changes to their positions in RBLX. Bank of New York Mellon Corp increased its position in Roblox by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after buying an additional 39,203 shares during the period. PNC Financial Services Group Inc. boosted its stake in Roblox by 7.9% in the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock worth $860,000 after purchasing an additional 1,361 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Roblox by 949.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock worth $928,000 after purchasing an additional 18,150 shares in the last quarter. BlackRock Inc. raised its position in shares of Roblox by 265.4% during the first quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock worth $14,390,000 after acquiring an additional 226,029 shares during the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Roblox by 62.0% during the first quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock worth $4,277,000 after acquiring an additional 35,412 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.