Roblox Corporation (NYSE:RBLX) Short Interest Update

by · The Markets Daily

Roblox Corporation (NYSE:RBLXGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 23,416,828 shares, an increase of 68.7% from the August 15th total of 13,884,449 shares. Based on an average daily volume of 10,912,896 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.9% of the company’s shares are sold short.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 52,568 shares of Roblox stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $1,995,481.28. Following the completion of the transaction, the chief executive officer owned 799,646 shares of the company’s stock, valued at $30,354,562.16. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $57.69, for a total transaction of $961,461.54. Following the sale, the director directly owned 1,277,835 shares in the company, valued at $73,718,301.15. This trade represents a 1.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 185,236 shares of company stock worth $7,538,642. Company insiders own 10.05% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SkyView Investment Advisors LLC bought a new stake in shares of Roblox during the second quarter worth about $245,000. National Pension Service lifted its position in Roblox by 34.0% in the 2nd quarter. National Pension Service now owns 1,243,524 shares of the company’s stock valued at $67,623,000 after acquiring an additional 315,244 shares in the last quarter. NorthRock Partners LLC lifted its position in Roblox by 13.7% in the 2nd quarter. NorthRock Partners LLC now owns 30,413 shares of the company’s stock valued at $1,654,000 after acquiring an additional 3,660 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Roblox by 18.6% during the 2nd quarter. NewEdge Advisors LLC now owns 16,977 shares of the company’s stock valued at $923,000 after purchasing an additional 2,662 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Roblox by 25.5% during the 2nd quarter. IFP Advisors Inc now owns 33,527 shares of the company’s stock valued at $1,823,000 after purchasing an additional 6,808 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Up 0.8%

Shares of Roblox stock opened at $47.88 on Friday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. Roblox has a 52 week low of $33.88 and a 52 week high of $142.00. The stock has a 50 day moving average price of $43.64 and a two-hundred day moving average price of $49.52. The stock has a market capitalization of $32.08 billion, a PE ratio of -33.48 and a beta of 1.47.

Roblox (NYSE:RBLXGet Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm earned ($0.41) earnings per share. Roblox’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Roblox will post -1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup cut their target price on Roblox from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Seaport Research Partners lowered Roblox to a “neutral” rating in a research note on Monday, June 29th. Raymond James Financial reaffirmed a “buy” rating on shares of Roblox in a research report on Friday, September 11th. Morgan Stanley lowered their price objective on shares of Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, BMO Capital Markets lowered shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.36.

View Our Latest Stock Analysis on Roblox

Roblox Company Profile

(Get Free Report)

Roblox Corporation develops and operates Roblox, an online platform where users can create, share and play interactive experiences. The platform supports a broad range of user-generated content, including games, social spaces, educational activities and entertainment experiences, and is accessible across computers, mobile devices, consoles and other supported platforms.

Roblox provides development tools through Roblox Studio, while its virtual economy uses Robux, a digital currency that users can purchase and spend on virtual items, avatar customization and other platform content.

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