Key Points
- Roblox director Gregory Baszucki sold 16,666 shares at an average price of $42.87, generating $714,471.42. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 1.31% to 1,252,836 shares.
- Baszucki has also sold 16,666 shares in each of two earlier transactions, in August and September, indicating a recurring scheduled-sale pattern.
- Roblox reported quarterly revenue of $1.47 billion, up 8.3% year over year, and an adjusted loss of $0.26 per share. Analysts maintain a consensus “Hold” rating with an average price target of $60.79, while institutional investors own 94.46% of the stock.
Roblox Corporation (NYSE:RBLX - Get Free Report) Director Gregory Baszucki sold 16,666 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $42.87, for a total transaction of $714,471.42. Following the sale, the director directly owned 1,252,836 shares of the company's stock, valued at approximately $53,709,079.32. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gregory Baszucki also recently made the following trade(s):
- On Tuesday, September 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The stock was sold at an average price of $40.47, for a total transaction of $674,473.02.
- On Tuesday, August 4th, Gregory Baszucki sold 16,666 shares of Roblox stock. The shares were sold at an average price of $37.46, for a total value of $624,308.36.
Roblox Price Performance
Shares of NYSE:RBLX opened at $44.12 on Friday. The company has a market capitalization of $29.56 billion, a PE ratio of -30.85 and a beta of 1.47. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $42.34 and a 200-day moving average of $48.35. Roblox Corporation has a one year low of $33.88 and a one year high of $141.95.
Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the previous year, the firm posted ($0.41) EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Roblox Corporation will post -1.39 EPS for the current fiscal year.
Hedge Funds Weigh In On Roblox
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors grew its stake in Roblox by 7.3% in the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company's stock valued at $2,589,282,000 after buying an additional 2,184,439 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Roblox by 7.5% in the 1st quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company's stock worth $403,054,000 after acquiring an additional 497,625 shares during the period. Amundi lifted its position in Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company's stock worth $326,586,000 after acquiring an additional 2,631,074 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Roblox by 10.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,451,881 shares of the company's stock worth $251,798,000 after acquiring an additional 416,206 shares during the last quarter. Finally, Amova Asset Management Americas Inc. boosted its holdings in Roblox by 17.0% during the first quarter. Amova Asset Management Americas Inc. now owns 3,238,160 shares of the company's stock valued at $183,247,000 after acquiring an additional 469,379 shares during the period. Institutional investors own 94.46% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Raymond James Financial restated a "buy" rating on shares of Roblox in a report on Friday, September 11th. Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday. Oppenheimer reissued an "outperform" rating on shares of Roblox in a research report on Friday, September 11th. Morgan Stanley cut their price target on shares of Roblox from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Roblox from a "buy" rating to a "hold" rating and reduced their price target for the company from $56.00 to $38.00 in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $60.79.
Check Out Our Latest Research Report on Roblox
About Roblox
(
Get Free Report)
Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.
Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.
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