Roblox (NYSE:RBLX) Director Sells $624,308.36 in Stock

Roblox Corporation (NYSE:RBLX) Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $37.46, for a total transaction of $624,308.36. Following the completion of the sale, the director owned 1,269,502 shares in the company, valued at approximately $47,555,544.92. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Gregory Baszucki sold 16,666 shares of Roblox stock. The stock was sold at an average price of $57.69, for a total transaction of $961,461.54.

Roblox Stock Up 5.0%

RBLX opened at $37.84 on Friday. The firm has a 50-day simple moving average of $48.28 and a two-hundred day simple moving average of $55.31. Roblox Corporation has a 52 week low of $33.88 and a 52 week high of $142.00. The company has a market capitalization of $25.35 billion, a PE ratio of -26.46 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) earnings per share. Analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox declared that its board has authorized a stock repurchase plan on Tuesday, May 19th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Roblox

Several large investors have recently modified their holdings of RBLX. Vanguard Group Inc. boosted its stake in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after buying an additional 1,020,786 shares during the period. Capital International Investors raised its stake in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares during the period. Morgan Stanley lifted its holdings in shares of Roblox by 8.1% in the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after acquiring an additional 1,555,549 shares during the last quarter. State Street Corp lifted its holdings in shares of Roblox by 3.3% in the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after acquiring an additional 442,518 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Roblox by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after purchasing an additional 547,103 shares during the period. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group set a $33.00 price objective on Roblox in a report on Friday, July 31st. Raymond James Financial assumed coverage on shares of Roblox in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Canaccord Genuity Group set a $58.00 price target on shares of Roblox in a research note on Friday, July 31st. Needham & Company LLC lowered their price objective on shares of Roblox from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, HSBC cut shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Roblox has a consensus rating of “Hold” and a consensus price target of $60.89.

Roblox Company Profile

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.