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

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $37.64, for a total value of $489,320.00. Following the sale, the director now directly owns 9,760,603 shares of the company’s stock, valued at approximately $367,389,096.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Roblox Stock Up 0.8 %

NYSE RBLX traded up $0.30 during trading on Thursday, reaching $38.18. 6,280,548 shares of the company’s stock were exchanged, compared to its average volume of 7,930,136. The stock has a market cap of $22.20 billion, a P/E ratio of -20.26 and a beta of 1.66. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day moving average price of $40.46 and a two-hundred day moving average price of $37.68. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.65.

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

Institutional Trading of Roblox

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of Roblox by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock valued at $36,481,000 after purchasing an additional 39,203 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Roblox by 7.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock valued at $860,000 after purchasing an additional 1,361 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Roblox by 949.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock valued at $928,000 after purchasing an additional 18,150 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Roblox by 265.4% in the 1st quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock valued at $14,390,000 after purchasing an additional 226,029 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Roblox by 62.0% in the 1st quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock valued at $4,277,000 after purchasing an additional 35,412 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Roblox in a research note on Wednesday, December 13th. They set an “overweight” rating and a $49.00 target price for the company. Needham & Company LLC raised their target price on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Roth Mkm lifted their price objective on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. Finally, BMO Capital Markets lifted their price objective on Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.25.

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.