Roblox Co. (NYSE:RBLX) Short Interest Update

Roblox Co. (NYSE:RBLX) saw a significant 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 currently 2.8 days. Currently, 4.5% of the company’s shares are short sold.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $847,566.40. Following the sale, the insider now directly owns 278,161 shares of the company’s stock, valued at $14,305,820.23. This represents a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 6,054 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $311,357.22. Following the transaction, the chief accounting officer now directly owns 85,008 shares of the company’s stock, valued at $4,371,961.44. This represents a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,120,348 shares of company stock worth $68,517,456 over the last 90 days. 22.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Roblox by 89.4% in 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% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. increased its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after buying an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after buying an additional 4,406,885 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after buying an additional 3,507,901 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Up 1.7 %

Roblox stock opened at $66.62 on Monday. The stock has a market cap of $40.48 billion, a PE ratio of -45.95 and a beta of 1.46. 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 stock has a fifty day moving average of $63.45 and a 200 day moving average of $51.63. Roblox has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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 795.19%. As a group, sell-side analysts predict that Roblox will post -1.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RBLX shares. Wedbush reaffirmed an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Morgan Stanley lifted their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company increased their target price on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average price target of $64.19.

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.