Roblox Co. (NYSE:RBLX – Get Rating) CEO David Baszucki sold 375,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $39.80, for a total value of $14,925,000.00. Following the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at $39.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
David Baszucki also recently made the following trade(s):
- On Friday, May 19th, David Baszucki sold 375,000 shares of Roblox stock. The stock was sold at an average price of $39.87, for a total value of $14,951,250.00.
- On Thursday, March 2nd, David Baszucki sold 550,000 shares of Roblox stock. The shares were sold at an average price of $38.14, for a total value of $20,977,000.00.
Roblox Stock Performance
NYSE RBLX opened at $39.66 on Wednesday. The business has a 50 day simple moving average of $41.13 and a 200 day simple moving average of $36.72. Roblox Co. has a one year low of $23.88 and a one year high of $53.88. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.03.
Institutional Investors Weigh In On Roblox
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Wedbush increased their target price on Roblox from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. DA Davidson increased their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Oppenheimer assumed coverage on Roblox in a research report on Wednesday, January 25th. They issued a “market perform” rating for the company. Credit Suisse Group increased their target price on Roblox from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, February 16th. Finally, The Goldman Sachs Group increased their target price on Roblox from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Thursday, February 16th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Hold” and a consensus target price of $39.79.
Roblox Company Profile
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.
- Get a free copy of the StockNews.com research report on Roblox (RBLX)
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