Short Interest in Roblox Co. (NYSE:RBLX) Decreases By 15.2%

Roblox Co. (NYSE:RBLX) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 21,290,000 shares, a decline of 15.2% from the December 15th total of 25,110,000 shares. Based on an average trading volume of 8,390,000 shares, the short-interest ratio is presently 2.5 days. Approximately 4.0% of the company’s stock are short sold.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 166,668 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares in the company, valued at approximately $5,722,073.25. This represents a 55.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,504,601 shares of company stock valued at $81,882,735 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. ValueAct Holdings L.P. increased its position in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. FMR LLC grew its stake in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of Roblox by 26.9% in the second 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 in the last quarter. Whale Rock Capital Management LLC bought a new position in Roblox in the 3rd quarter worth approximately $107,491,000. Finally, Greenvale Capital LLP acquired a new position in Roblox during the 2nd quarter worth $89,304,000. 94.46% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.31 during mid-day trading on Friday, hitting $65.57. 5,765,466 shares of the stock were exchanged, compared to its average volume of 4,474,473. Roblox has a twelve month low of $29.55 and a twelve month high of $66.51. The stock’s fifty day simple moving average is $57.12 and its two-hundred day simple moving average is $47.56. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $39.84 billion, a P/E ratio of -39.98 and a beta of 1.43.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted ($0.45) EPS. As a group, analysts forecast that Roblox will post -1.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RBLX shares. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price target on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Piper Sandler raised their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.48.

Roblox Company Profile

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.