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

Roblox Co. (NYSE:RBLX - Get Free Report) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 20,580,000 shares, a decrease 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 short-interest ratio is currently 2.5 days. Currently, 3.7% of the shares of the stock are short sold.

Roblox Trading Down 2.3 %

Shares of RBLX traded down $1.33 during trading hours on Friday, hitting $57.24. 11,385,225 shares of the stock were exchanged, compared to its average volume of 7,565,890. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49. The business has a 50-day moving average of $64.23 and a 200-day moving average of $54.07. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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 665.98%. On average, research analysts expect that Roblox will post -1.49 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on RBLX shares. Benchmark increased their price objective on shares of Roblox from $60.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, February 7th. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating for the company. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $64.19.

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Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares of the company's stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now directly owns 6,254,137 shares of the company's stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 961,255 shares of company stock valued at $62,394,678. Company insiders own 22.15% of the company's stock.

Institutional Trading of Roblox

Several hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Frazier Financial Advisors LLC grew its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after buying an additional 624 shares in the last quarter. Colonial Trust Co SC purchased a new position in Roblox in the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust grew its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

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.