Roblox (NYSE:RBLX) Stock: Insider Gregory Baszucki Sells 16,666 Shares

Roblox Corporation (NYSE:RBLX) Director Gregory Baszucki sold 16,666 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $42.87, for a total value of $714,471.42. Following the transaction, the director directly owned 1,252,836 shares in the company, valued at $53,709,079.32. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The stock was sold at an average price of $40.47, for a total value of $674,473.02.
• On Tuesday, August 4th, Gregory Baszucki sold 16,666 shares of Roblox stock. The shares were sold at an average price of $37.46, for a total value of $624,308.36.

Roblox Stock Up 2.6%

Shares of NYSE:RBLX traded up $1.12 during midday trading on Friday, hitting $44.12. The stock had a trading volume of 9,262,404 shares, compared to its average volume of 11,870,548. The company has a market cap of $29.56 billion, a P/E ratio of -30.85 and a beta of 1.47. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $141.95. The business’s 50-day simple moving average is $42.41 and its 200-day simple moving average is $48.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.41) earnings per share. On average, sell-side analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors lifted its holdings in 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 during the last quarter. Renaissance Technologies LLC grew its holdings in Roblox by 7.5% in the 1st quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company’s stock valued at $403,054,000 after buying an additional 497,625 shares in the last quarter. Amundi grew its holdings in Roblox by 83.7% in the 1st quarter. Amundi now owns 5,774,151 shares of the company’s stock valued at $326,586,000 after buying an additional 2,631,074 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Roblox by 10.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,451,881 shares of the company’s stock worth $251,798,000 after buying an additional 416,206 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in Roblox by 18.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,292,340 shares of the company’s stock worth $185,748,000 after buying an additional 365,125 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RBLX. Moffett Nathanson reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Roblox in a report on Monday, August 3rd. Canaccord Genuity Group set a $58.00 price target on Roblox in a research report on Friday, July 31st. Needham & Company LLC upped their price objective on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Roth Capital raised their price objective on Roblox from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.79.

Roblox Company Profile

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.