Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 229,167 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $11,649,667.84. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
David Baszucki also recently made the following trade(s):
- 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 shares were 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 shares were sold at an average price of $61.33, for a total transaction of $395,455.84.
- On Thursday, January 30th, David Baszucki sold 138,555 shares of Roblox stock. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10.
Roblox Stock Up 11.1 %
RBLX stock opened at $56.89 on Thursday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market cap of $35.75 billion, a price-to-earnings ratio of -39.23 and a beta of 1.49. The company has a 50 day moving average of $60.82 and a two-hundred day moving average of $56.13.
Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on RBLX. Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Morgan Stanley increased their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Wedbush restated an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Finally, Benchmark restated a "buy" rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $63.95.
View Our Latest Research Report on Roblox
Institutional Investors Weigh In On Roblox
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its position in Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after buying an additional 161 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after purchasing an additional 217 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.
About Roblox
(
Get Free Report)
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.
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