Roblox Co. (NYSE:RBLX) Short Interest Down 16.2% in February

Roblox Co. (NYSE:RBLX) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 20,580,000 shares, a decline of 16.2% from the January 31st total of 24,560,000 shares. Based on an average trading volume of 8,380,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.7% of the company’s shares are sold short.

Insider Buying and Selling at Roblox

In related news, insider Manuel Bronstein sold 44,888 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares in the company, valued at $34,401,692.66. This represents a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 100,000 shares of Roblox stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the sale, the chief financial officer now owns 331,187 shares in the company, valued at approximately $18,519,977.04. This trade represents a 23.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,136,535 shares of company stock worth $70,589,814. 22.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc lifted its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares during the period. Colonial Trust Co SC purchased a new stake in Roblox during the 4th quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

RBLX traded up $0.57 during midday trading on Wednesday, reaching $63.23. The company had a trading volume of 2,435,541 shares, compared to its average volume of 7,531,483. The business has a 50-day moving average of $64.23 and a two-hundred day moving average of $53.69. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a market cap of $39.14 billion, a P/E ratio of -43.63 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, equities research analysts predict that Roblox will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RBLX shares. The Goldman Sachs Group upped their target price on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Barclays reduced their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.