Roblox Co. (NYSE:RBLX) Director Gregory Baszucki Sells 8,334 Shares

Roblox Co. (NYSE:RBLX – Get Rating) Director Gregory Baszucki sold 8,334 shares of the business’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $38.13, for a total transaction of $317,775.42. Following the transaction, the director now directly owns 9,905,269 shares in the company, valued at approximately $377,687,906.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Roblox Price Performance

Shares of NYSE:RBLX opened at $40.57 on Tuesday. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of -26.17 and a beta of 1.72. The firm has a fifty day moving average price of $35.38 and a 200 day moving average price of $36.31. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.55 and a current ratio of 1.55. Roblox Co. has a fifty-two week low of $21.65 and a fifty-two week high of $53.88.

Roblox (NYSE:RBLX – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The company had revenue of $899.40 million for the quarter, compared to analyst estimates of $884.71 million. Roblox had a negative net margin of 41.54% and a negative return on equity of 200.01%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.25) EPS. As a group, sell-side analysts expect that Roblox Co. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the topic of several research reports. Stifel Nicolaus reduced their price target on shares of Roblox from $44.00 to $40.00 in a research report on Tuesday, January 10th. Roth Capital reaffirmed a “neutral” rating on shares of Roblox in a research report on Friday, February 17th. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $55.00 in a research report on Thursday, February 16th. Oppenheimer initiated coverage on Roblox in a research note on Wednesday, January 25th. They issued a “market perform” rating on the stock. Finally, Piper Sandler boosted their target price on shares of Roblox from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Roblox has an average rating of “Hold” and a consensus target price of $37.42.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently bought and sold shares of RBLX. Resurgent Financial Advisors LLC acquired a new stake in shares of Roblox during the fourth quarter worth about $25,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Roblox during the fourth quarter worth $28,000. 1832 Asset Management L.P. acquired a new stake in shares of Roblox during the 1st quarter worth about $32,000. Truvestments Capital LLC purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $35,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Roblox during the second quarter worth $36,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

About Roblox

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.