Roblox Co. (NYSE:RBLX) Director Sells $489,320.00 in Stock

Roblox Co. (NYSE:RBLXGet Free Report) Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $37.64, for a total value of $489,320.00. Following the transaction, the director now directly owns 9,760,603 shares in the company, valued at $367,389,096.92. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

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

Roblox Stock Performance

Shares of NYSE RBLX opened at $38.18 on Friday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $22.20 billion, a P/E ratio of -20.42 and a beta of 1.66. The firm’s fifty day moving average is $40.44 and its two-hundred day moving average is $37.81. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.65.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. Roblox’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.48) EPS. As a group, analysts anticipate that Roblox Co. will post -2.1 EPS for the current fiscal year.

Institutional Trading of Roblox

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Roblox in the 4th quarter worth about $25,000. Resurgent Financial Advisors LLC bought a new stake in shares of Roblox in the 4th quarter worth about $25,000. Garner Asset Management Corp bought a new stake in shares of Roblox in the 4th quarter worth about $31,000. 1832 Asset Management L.P. bought a new stake in shares of Roblox in the 1st quarter worth about $32,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Roblox in the 4th quarter worth about $43,000. 91.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RBLX shares. BMO Capital Markets raised their price objective on Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Roth Mkm lifted their price target on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Needham & Company LLC boosted their target price on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wedbush boosted their target price on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Benchmark reiterated a “buy” rating and set a $46.00 price objective on shares of Roblox in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

Read Our Latest Report on Roblox

About Roblox

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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.

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

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