Roblox Co. (NYSE:RBLX - Get Free Report) CEO David Baszucki sold 166,668 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares of the company's stock, valued at $5,722,073.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Baszucki also recently made the following trade(s):
RBLX stock traded up $0.36 during midday trading on Friday, hitting $42.14. The company's stock had a trading volume of 7,141,144 shares, compared to its average volume of 7,256,392. The stock's 50-day moving average price is $43.26 and its 200 day moving average price is $39.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $48.43. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of -24.62 and a beta of 1.60.
Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business had revenue of $893.50 million for the quarter, compared to analysts' expectations of $897.88 million. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. The business's revenue was up 31.2% on a year-over-year basis. On average, equities analysts forecast that Roblox Co. will post -1.58 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company's stock worth $1,950,322,000 after acquiring an additional 4,818,022 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company's stock worth $1,084,395,000 after purchasing an additional 535,414 shares during the period. ARK Investment Management LLC boosted its stake in Roblox by 12.9% in the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company's stock worth $496,338,000 after purchasing an additional 1,519,591 shares during the period. Ieq Capital LLC boosted its stake in Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company's stock worth $473,811,000 after purchasing an additional 2,684,713 shares during the period. Finally, Dragoneer Investment Group LLC boosted its stake in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the period. Hedge funds and other institutional investors own 91.08% of the company's stock.
A number of equities research analysts have weighed in on the company. Roth Mkm lifted their target price on Roblox from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. BMO Capital Markets reiterated an "outperform" rating and issued a $56.00 target price on shares of Roblox in a report on Tuesday, July 30th. Wedbush reiterated an "outperform" rating and issued a $49.00 target price on shares of Roblox in a report on Friday. Finally, The Goldman Sachs Group lifted their target price on Roblox from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.29.
Get Our Latest Research Report on Roblox
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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