David Baszucki Sells 10,834 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer owned 800,539 shares in the company, valued at $49,337,218.57. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 10th, David Baszucki sold 272,269 shares of Roblox stock. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54.
• On Wednesday, January 7th, David Baszucki sold 66,896 shares of Roblox stock. The stock was sold at an average price of $76.48, for a total value of $5,116,206.08.
• On Thursday, December 18th, David Baszucki sold 66,896 shares of Roblox stock. The stock was sold at an average price of $84.73, for a total value of $5,668,098.08.

Roblox Price Performance

Shares of NYSE RBLX opened at $68.16 on Thursday. The stock has a market cap of $45.10 billion, a P/E ratio of -43.97 and a beta of 1.63. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The stock has a 50 day moving average of $74.15 and a two-hundred day moving average of $102.35. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the company posted ($0.33) EPS. The company’s quarterly revenue was up 122.6% on a year-over-year basis. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Trading of Roblox

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after acquiring an additional 1,020,786 shares during the period. Capital International Investors boosted its position in shares of Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares in the last quarter. Morgan Stanley grew its stake in shares of Roblox by 8.1% during the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after purchasing an additional 1,555,549 shares during the period. State Street Corp grew its stake in shares of Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after purchasing an additional 442,518 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Roblox by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after purchasing an additional 547,103 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Roblox in a research note on Friday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. TD Cowen reissued a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Wells Fargo & Company set a $97.00 price target on Roblox in a research note on Monday, February 9th. Finally, Morgan Stanley decreased their price target on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.44.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.