Gregory Baszucki Sells 13,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Gregory Baszucki sold 13,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $37.64, for a total transaction of $489,320.00. Following the completion of the sale, the director now owns 9,760,603 shares in the company, valued at $367,389,096.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 24th, Gregory Baszucki sold 8,333 shares of Roblox stock. The stock was sold at an average price of $41.17, for a total transaction of $343,069.61.

Roblox Stock Performance

Shares of RBLX traded up $0.30 during midday trading on Thursday, reaching $38.18. The stock had a trading volume of 6,280,548 shares, compared to its average volume of 7,930,136. The firm has a 50 day simple moving average of $40.46 and a 200-day simple moving average of $37.68. Roblox Co. has a one year low of $24.88 and a one year high of $47.65. The firm has a market cap of $22.20 billion, a PE ratio of -20.26 and a beta of 1.66. 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) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted ($0.48) EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Roblox Co. will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Roth Mkm raised their price objective on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company started coverage on shares of Roblox in a report on Wednesday, December 13th. They set an “overweight” rating and a $49.00 price objective on the stock. Finally, Wedbush raised their price objective on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in shares of Roblox during the 4th quarter worth about $1,363,000. PNC Financial Services Group Inc. boosted its holdings in shares of Roblox by 22.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,697 shares of the company’s stock worth $626,000 after buying an additional 2,487 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Roblox during the 4th quarter worth about $233,000. Vanguard Group Inc. boosted its holdings in shares of Roblox by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company’s stock worth $2,115,203,000 after buying an additional 1,671,272 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Roblox during the 4th quarter worth about $1,870,000. Institutional investors 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.