Roblox Co. (NYSE:RBLX) Sees Significant Growth in Short Interest

Roblox Co. (NYSE:RBLX) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 24,560,000 shares, a growth of 15.0% from the January 15th total of 21,350,000 shares. Based on an average daily trading volume, of 8,630,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.5% of the shares of the company are short sold.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 16,480 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $847,566.40. Following the sale, the insider now directly owns 278,161 shares in the company, valued at approximately $14,305,820.23. The trade was a 5.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,054 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22. Following the sale, the chief accounting officer now owns 85,008 shares in the company, valued at $4,371,961.44. The trade was a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,120,348 shares of company stock valued at $68,517,456. 22.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBLX. FMR LLC increased its position in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC increased its position in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. increased its position in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after purchasing an additional 4,406,885 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new stake in Roblox during the 4th quarter worth approximately $246,560,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RBLX. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Roth Mkm boosted their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research report on Friday, February 7th. Needham & Company LLC boosted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Citigroup boosted their price objective on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Trading Up 1.7 %

Shares of NYSE RBLX traded up $1.09 on Monday, reaching $66.62. 6,355,233 shares of the company traded hands, compared to its average volume of 9,327,394. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a 50 day moving average of $63.45 and a 200 day moving average of $51.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $40.48 billion, a PE ratio of -45.95 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, equities research analysts forecast that Roblox will post -1.4 earnings per share for the current fiscal 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.