Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells 45,074 Shares of Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 45,074 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $74.44, for a total transaction of $3,355,308.56. Following the transaction, the chief executive officer now directly owns 875 shares in the company, valued at approximately $65,135. This represents a 98.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, May 12th, David Baszucki sold 118,051 shares of Roblox stock. The stock was sold at an average price of $74.44, for a total transaction of $8,787,716.44.
• On Monday, May 5th, David Baszucki sold 1,375,002 shares of Roblox stock. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38.
• On Monday, April 7th, David Baszucki sold 229,167 shares of Roblox stock. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16.
• On Monday, March 17th, David Baszucki sold 34,099 shares of Roblox stock. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95.
• On Monday, March 3rd, David Baszucki sold 195,068 shares of Roblox stock. The stock was sold at an average price of $64.94, for a total transaction of $12,667,715.92.
• On Tuesday, February 25th, David Baszucki sold 1,445 shares of Roblox stock. The stock was sold at an average price of $60.50, for a total transaction of $87,422.50.
• On Thursday, February 20th, David Baszucki sold 6,448 shares of Roblox stock. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84.

Roblox Stock Up 0.5%

NYSE:RBLX opened at $81.21 on Friday. The firm’s 50 day simple moving average is $62.73 and its 200 day simple moving average is $60.80. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $31.59 and a one year high of $82.02. The company has a market cap of $51.16 billion, a PE ratio of -56.00 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned ($0.43) EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. On average, research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares during the period. Larson Financial Group LLC boosted its position in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after buying an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox during the 1st quarter worth approximately $39,000. Colonial Trust Co SC acquired a new stake in Roblox during the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RBLX shares. Citigroup increased their price objective on shares of Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Wedbush reiterated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Thursday, April 24th. FBN Securities started coverage on shares of Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock. Benchmark increased their price objective on shares of Roblox from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Barclays increased their price objective on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

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.