Roblox Corporation (NYSE:RBLX) Short Interest Update

Roblox Corporation (NYSE:RBLX) was the target of a large increase in short interest during 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. Approximately 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 16,721,993 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 16,721,993 shares, the short-interest ratio is presently 1.2 days. Approximately 3.4% of the shares of the company are sold short.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 7,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the transaction, the director directly owned 256,768 shares of the company’s stock, valued at $21,170,521.60. This represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Reinstra sold 60,000 shares of Roblox stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the sale, the insider directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. The trade was a 13.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after purchasing an additional 1,020,786 shares in the last quarter. Capital International Investors raised its stake in Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after buying an additional 2,184,439 shares in the last quarter. Morgan Stanley lifted its stake in Roblox by 8.1% during the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after purchasing an additional 1,555,549 shares during the last quarter. State Street Corp boosted its holdings in shares of Roblox by 3.3% in the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after buying an additional 442,518 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Roblox by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after purchasing an additional 547,103 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

Roblox stock traded down $1.22 during midday trading on Monday, hitting $67.44. 7,181,356 shares of the company were exchanged, compared to its average volume of 13,350,752. Roblox has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a market capitalization of $44.62 billion, a PE ratio of -43.51 and a beta of 1.62. The business has a fifty day simple moving average of $73.34 and a two-hundred day simple moving average of $100.93. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company posted ($0.33) EPS. The company’s revenue for the quarter was up 122.6% on a year-over-year basis. On average, sell-side analysts forecast that Roblox will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

RBLX has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, February 6th. B. Riley Financial assumed coverage on Roblox in a research report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target for the company. Canaccord Genuity Group dropped their price target on shares of Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Morgan Stanley decreased their target price on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, TD Cowen restated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $119.44.

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.