Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 100,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $38.31, for a total value of $3,831,000.00. Following the completion of the sale, the chief executive officer now directly owns 148,845 shares of the company's stock, valued at $5,702,251.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
David Baszucki also recently made the following trade(s):
- On Monday, March 25th, David Baszucki sold 41,666 shares of Roblox stock. The shares were sold at an average price of $36.55, for a total value of $1,522,892.30.
- On Wednesday, February 28th, David Baszucki sold 41,666 shares of Roblox stock. The shares were sold at an average price of $40.12, for a total value of $1,671,639.92.
- On Friday, February 9th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00.
- On Monday, February 12th, David Baszucki sold 200,000 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $8,818,000.00.
Roblox Price Performance
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Shares of NYSE RBLX opened at $39.80 on Thursday. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.65. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of -21.28 and a beta of 1.63. The business has a 50 day simple moving average of $40.04 and a 200-day simple moving average of $38.43.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping analysts' consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm's revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.48) EPS. As a group, equities research analysts expect that Roblox Co. will post -2.1 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in Roblox during the 4th quarter worth $25,000. Garner Asset Management Corp acquired a new position in Roblox during the 4th quarter worth $31,000. 1832 Asset Management L.P. acquired a new position in Roblox during the 1st quarter worth $32,000. Resurgent Financial Advisors LLC acquired a new position in Roblox during the 4th quarter worth $25,000. Finally, High Net Worth Advisory Group LLC boosted its position in Roblox by 900.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company's stock worth $46,000 after acquiring an additional 900 shares during the period. 91.08% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
RBLX has been the subject of several recent analyst reports. Roth Mkm lifted their price target on Roblox from $50.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Barclays upgraded Roblox from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $26.00 to $46.00 in a report on Thursday, February 8th. Benchmark restated a "buy" rating and issued a $46.00 price target on shares of Roblox in a report on Tuesday, January 23rd. Needham & Company LLC lifted their price target on Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Finally, Wedbush lifted their price target on Roblox from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and a consensus target price of $46.25.
View Our Latest Stock Report on RBLX
Roblox Company Profile
(
Get Free Report)
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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