Roblox Sees Unusually Large Options Volume (NYSE:RBLX)

Roblox Co. (NYSE:RBLX) was the target of some unusual options trading activity on Thursday. Investors bought 64,361 call options on the company. This represents an increase of approximately 73% compared to the typical volume of 37,179 call options.

Wall Street Analysts Forecast Growth

Several research firms have commented on RBLX. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Macquarie upped their price objective on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Needham & Company LLC upped their price objective on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Citigroup upped their price target on Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares in the company, valued at $4,019,545.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total value of $620,750.00. Following the transaction, the director now directly owns 9,662,103 shares of the company’s stock, valued at approximately $461,365,418.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 779,341 shares of company stock worth $33,831,012. 22.15% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Roblox by 10.4% during the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares during the period. Ieq Capital LLC increased its holdings 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 buying an additional 2,684,713 shares in the last quarter. Dragoneer Investment Group LLC grew its stake in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the period. Greenvale Capital LLP purchased a new stake in shares of Roblox during the 2nd quarter valued at about $89,304,000. Finally, Marshall Wace LLP purchased a new stake in shares of Roblox during the 2nd quarter valued at about $87,543,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

NYSE RBLX traded up $7.38 on Thursday, reaching $50.52. 24,587,396 shares of the company’s stock traded hands, compared to its average volume of 7,320,683. Roblox has a 12 month low of $29.55 and a 12 month high of $52.65. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50-day simple moving average of $43.36 and a 200 day simple moving average of $39.15. The stock has a market cap of $30.24 billion, a PE ratio of -28.70 and a beta of 1.60.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. During the same period last year, the business earned ($0.46) earnings per share. The business’s quarterly revenue was up 31.2% on a year-over-year basis. As a group, research analysts predict that Roblox will post -1.57 earnings per share for the current year.

About 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.