Roblox Co. (NYSE:RBLX) Director Gregory Baszucki Sells 8,334 Shares of Stock

Roblox Co. (NYSE:RBLX – Get Rating) Director Gregory Baszucki sold 8,334 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $39.89, for a total transaction of $332,443.26. Following the sale, the director now directly owns 9,880,267 shares in the company, valued at approximately $394,123,850.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, April 25th, Gregory Baszucki sold 8,334 shares of Roblox stock. The shares were sold at an average price of $37.92, for a total value of $316,025.28.
• On Wednesday, March 29th, Gregory Baszucki sold 8,334 shares of Roblox stock. The shares were sold at an average price of $42.79, for a total value of $356,611.86.
• On Thursday, March 2nd, Gregory Baszucki sold 8,334 shares of Roblox stock. The shares were sold at an average price of $38.13, for a total value of $317,775.42.

Roblox Trading Down 2.5 %

NYSE:RBLX opened at $39.51 on Friday. The firm has a market cap of $23.91 billion, a P/E ratio of -22.97 and a beta of 1.76. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.03. The stock’s 50 day simple moving average is $40.97 and its 200-day simple moving average is $36.77. Roblox Co. has a 12-month low of $23.88 and a 12-month high of $53.88.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RBLX. Arete Wealth Advisors LLC acquired a new position in Roblox during the first quarter worth $565,000. Ameriprise Financial Inc. grew its holdings in Roblox by 6.5% during the first quarter. Ameriprise Financial Inc. now owns 625,140 shares of the company’s stock worth $28,119,000 after acquiring an additional 38,252 shares during the period. Advisory Services Network LLC grew its holdings in Roblox by 102.0% during the first quarter. Advisory Services Network LLC now owns 45,582 shares of the company’s stock worth $2,050,000 after acquiring an additional 23,019 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Roblox by 8.3% during the first quarter. Rockefeller Capital Management L.P. now owns 25,287 shares of the company’s stock worth $1,137,000 after acquiring an additional 1,937 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in Roblox during the first quarter worth $517,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RBLX shares. Needham & Company LLC decreased their price objective on Roblox from $53.00 to $48.00 in a report on Thursday, May 11th. Wedbush raised their price objective on Roblox from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Truist Financial lifted their target price on Roblox from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, February 15th. DA Davidson lifted their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Finally, Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $48.00 in a research note on Thursday, May 11th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Roblox currently has an average rating of “Hold” and a consensus target price of $40.22.

About Roblox

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.