Insider Selling: Roblox Co. (NYSE:RBLX) CEO Sells $1,522,892.30 in Stock

Roblox Co. (NYSE:RBLX) CEO David Baszucki sold 41,666 shares of Roblox stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.55, for a total value of $1,522,892.30. Following the sale, the chief executive officer now owns 333,334 shares of the company’s stock, valued at $12,183,357.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The shares were sold at an average price of $40.12, for a total value of $1,671,639.92.
• On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00.
• On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00.

Roblox Price Performance

Shares of NYSE:RBLX opened at $38.18 on Friday. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.65. The firm has a market capitalization of $22.20 billion, a PE ratio of -20.42 and a beta of 1.66. The business’s 50 day moving average is $40.45 and its 200-day moving average is $37.69. 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 (NYSE:RBLX) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.48) EPS. Sell-side analysts predict that Roblox Co. will post -2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBLX. BMO Capital Markets raised 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. Wells Fargo & Company began coverage on Roblox in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $49.00 price objective on the stock. Wedbush raised their price objective on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Needham & Company LLC raised their price objective on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $46.00 in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.25.

Institutional Trading of Roblox

Several institutional investors have recently bought and sold shares of the stock. AlphaQ Advisors LLC boosted its stake in Roblox by 1.0% in the 1st quarter. AlphaQ Advisors LLC now owns 27,304 shares of the company’s stock valued at $1,228,000 after buying an additional 279 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in Roblox by 7.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock valued at $202,000 after buying an additional 300 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in Roblox by 3.3% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 9,408 shares of the company’s stock valued at $423,000 after buying an additional 301 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Roblox by 7.8% in the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after buying an additional 320 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Roblox by 3.0% in the 1st quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock valued at $550,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

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.