Roblox Corporation (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 10,834 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the transaction, the chief executive officer directly owned 800,539 shares of the company's stock, valued at $49,337,218.57. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
David Baszucki also recently made the following trade(s):
- On Tuesday, February 10th, David Baszucki sold 272,269 shares of Roblox stock. The stock was sold at an average price of $72.66, for a total value of $19,783,065.54.
- On Wednesday, January 7th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $76.48, for a total value of $5,116,206.08.
- On Thursday, December 18th, David Baszucki sold 66,896 shares of Roblox stock. The shares were sold at an average price of $84.73, for a total transaction of $5,668,098.08.
Roblox Price Performance
Shares of RBLX opened at $67.09 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The company's fifty day simple moving average is $74.51 and its 200 day simple moving average is $102.59. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a market cap of $44.39 billion, a price-to-earnings ratio of -43.29 and a beta of 1.63.
Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the prior year, the firm earned ($0.33) EPS. Roblox's quarterly revenue was up 122.6% compared to the same quarter last year. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. B. Riley Financial began coverage on Roblox in a research note on Tuesday, December 9th. They issued a "buy" rating and a $125.00 price target on the stock. BTIG Research reissued a "buy" rating and issued a $141.00 price objective on shares of Roblox in a research report on Friday, February 6th. Wolfe Research set a $100.00 target price on shares of Roblox in a research note on Monday, January 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $100.00 target price (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of Roblox in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average target price of $119.44.
Check Out Our Latest Research Report on RBLX
Hedge Funds Weigh In On Roblox
A number of institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Roblox in the fourth quarter valued at about $435,424,000. Vanguard Group Inc. boosted its stake in shares of Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company's stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares in the last quarter. SRS Investment Management LLC acquired a new stake in shares of Roblox in the 4th quarter valued at approximately $238,065,000. Capital International Investors grew its holdings in shares of Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company's stock valued at $2,589,282,000 after purchasing an additional 2,184,439 shares during the last quarter. Finally, ValueAct Holdings L.P. increased its position in Roblox by 39.5% during the 4th quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company's stock worth $484,221,000 after purchasing an additional 1,692,600 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.
Roblox Company Profile
(
Get Free Report)
Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.
Roblox's business model is built around its virtual economy and creator ecosystem.
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