Roblox Corporation (NYSE:RBLX) Sees Large Growth in Short Interest

Roblox Corporation (NYSE:RBLX) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 19,769,459 shares, an increase of 31.0% from the January 29th total of 15,089,826 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average trading volume of 16,721,993 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 16,721,993 shares, the short-interest ratio is presently 1.2 days. Currently, 3.4% of the shares of the company are sold short.

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the sale, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 59,000 shares of Roblox stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the completion of the transaction, the director directly owned 257,258 shares of the company’s stock, valued at $20,570,349.68. The trade was a 18.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 703,144 shares of company stock valued at $51,681,640 in the last 90 days. 12.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roblox

Several large investors have recently modified their holdings of RBLX. National Pension Service lifted its stake in Roblox by 7.3% in the third quarter. National Pension Service now owns 1,697,820 shares of the company’s stock worth $235,182,000 after acquiring an additional 115,096 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Roblox by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Roblox by 298.4% in the 3rd quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock valued at $45,617,000 after purchasing an additional 246,652 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Roblox during the 2nd quarter worth $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Roblox during the third quarter worth $2,895,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Up 0.7%

RBLX stock traded up $0.44 during trading on Wednesday, reaching $67.41. 6,755,173 shares of the stock were exchanged, compared to its average volume of 12,706,391. 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 firm has a market capitalization of $44.60 billion, a price-to-earnings ratio of -43.49 and a beta of 1.62. The business has a 50 day moving average price of $72.78 and a 200-day moving average price of $100.34. Roblox has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm earned ($0.33) EPS. The business’s revenue was up 122.6% compared to the same quarter last year. On average, research analysts predict that Roblox will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on RBLX shares. Jefferies Financial Group set a $85.00 price objective on shares of Roblox in a report on Thursday, January 15th. Oppenheimer decreased their price target on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. BTIG Research reiterated a “buy” rating and issued a $141.00 price objective on shares of Roblox in a report on Friday, February 6th. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, Barclays decreased their target price on Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $117.35.

About Roblox

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.