Short Interest in Roblox Co. (NYSE:RBLX) Rises By 15.0%

Roblox Co. (NYSE:RBLX - Get Free Report) saw a significant growth in short interest in 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. Approximately 4.5% of the company's stock are short sold. Based on an average trading volume of 8,630,000 shares, the short-interest ratio is currently 2.8 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. CICC Research assumed coverage on Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating for the company. BTIG Research lifted their target price on Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Macquarie lifted their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.19.

Roblox Price Performance

NYSE:RBLX traded down $0.95 during midday trading on Thursday, hitting $62.69. 13,012,347 shares of the stock were exchanged, compared to its average volume of 9,338,180. Roblox has a one year low of $29.55 and a one year high of $75.74. The company has a market capitalization of $38.09 billion, a price-to-earnings ratio of -43.24 and a beta of 1.46. The business has a 50-day moving average price of $63.98 and a two-hundred day moving average price of $52.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Sell-side analysts predict that Roblox will post -1.49 EPS for the current year.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the transaction, the chief accounting officer now directly owns 81,407 shares in the company, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arvind Chakravarthy sold 14,269 shares of Roblox stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $49.43, for a total value of $705,316.67. Following the completion of the transaction, the insider now owns 244,803 shares of the company's stock, valued at $12,100,612.29. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,069,697 shares of company stock worth $65,912,475 over the last ninety days. Corporate insiders own 22.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Roblox during the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC grew its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc grew its position in Roblox by 83.9% during 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 grew its position in Roblox by 74.8% during 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 in the last quarter. Finally, GAMMA Investing LLC grew its position in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after purchasing an additional 530 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.