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 that occurred on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the transaction, the director now directly owns 9,747,603 shares of the company’s stock, valued at approximately $341,945,913.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $489,320.00.

Roblox Trading Up 1.3 %

NYSE RBLX traded up $0.45 during trading on Friday, hitting $35.98. The company had a trading volume of 3,745,453 shares, compared to its average volume of 7,516,952. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a market cap of $21.27 billion, a price-to-earnings ratio of -19.24 and a beta of 1.63. The company’s fifty day moving average is $38.53 and its 200-day moving average is $39.00.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business earned ($0.48) EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, sell-side analysts predict that Roblox Co. will post -2.1 earnings per share for the current year.

Institutional Trading of Roblox

A number of hedge funds and other institutional investors have recently modified their holdings of RBLX. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox in the 4th quarter worth about $25,000. Blue Trust Inc. grew its position in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after purchasing an additional 912 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Roblox during the 1st quarter valued at about $52,000. Allworth Financial LP grew its position in Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after purchasing an additional 587 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in Roblox during the 4th quarter valued at about $58,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price objective on shares of Roblox in a report on Monday. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $41.00 to $48.00 in a report on Tuesday. Roth Mkm boosted their price objective on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Needham & Company LLC boosted their price objective on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.