Roblox Co. (NYSE:RBLX) Director Gregory Baszucki Sells 8,333 Shares of Stock

Roblox Co. (NYSE:RBLXGet Free Report) Director Gregory Baszucki sold 8,333 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $27.03, for a total value of $225,240.99. Following the transaction, the director now owns 9,855,268 shares of the company’s stock, valued at approximately $266,387,894.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, July 25th, Gregory Baszucki sold 8,333 shares of Roblox stock. The stock was sold at an average price of $39.93, for a total value of $332,736.69.
  • On Tuesday, June 20th, Gregory Baszucki sold 8,333 shares of Roblox stock. The stock was sold at an average price of $41.28, for a total value of $343,986.24.

Roblox Stock Performance

Shares of RBLX stock opened at $28.19 on Thursday. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.10 and a current ratio of 1.10. Roblox Co. has a fifty-two week low of $25.32 and a fifty-two week high of $47.67. The stock has a 50 day moving average price of $36.60 and a two-hundred day moving average price of $39.18. The company has a market capitalization of $15.97 billion, a P/E ratio of -14.99 and a beta of 1.61.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.46) earnings per share for the quarter, meeting the consensus estimate of ($0.46). Roblox had a negative return on equity of 399.93% and a negative net margin of 46.81%. The firm had revenue of $780.69 million during the quarter, compared to the consensus estimate of $784.99 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. Analysts expect that Roblox Co. will post -1.91 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently made changes to their positions in the business. AlphaQ Advisors LLC increased its stake in shares of Roblox by 1.0% during the first 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 during the period. Edmond DE Rothschild Holding S.A. grew its stake in Roblox by 4.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 6,218 shares of the company’s stock worth $280,000 after purchasing an additional 291 shares during the period. Fifth Third Bancorp grew its stake in Roblox by 62.5% in the first quarter. Fifth Third Bancorp now owns 759 shares of the company’s stock worth $34,000 after purchasing an additional 292 shares during the period. Parallel Advisors LLC grew its stake in Roblox by 27.2% in the first quarter. Parallel Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 297 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in Roblox by 7.4% in the first quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock worth $202,000 after acquiring an additional 300 shares in the last quarter. 69.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Benchmark cut their target price on Roblox from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, August 10th. Truist Financial cut their target price on Roblox from $45.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, August 17th. Deutsche Bank Aktiengesellschaft cut their target price on Roblox from $55.00 to $45.00 in a research note on Thursday, August 10th. Citigroup cut their target price on Roblox from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. Finally, Barclays lowered their price target on Roblox from $32.00 to $26.00 and set an “underweight” rating on the stock in a report on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.04.

Read Our Latest Research Report on Roblox

About Roblox

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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