Roblox Co. (NYSE:RBLX) Sees Large Increase in Short Interest

Roblox Co. (NYSE:RBLX - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 17,150,000 shares, a growth of 21.5% from the April 30th total of 14,120,000 shares. Based on an average daily trading volume, of 8,480,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.0% of the company's shares are short sold.

Insiders Place Their Bets

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares of the company's stock, valued at approximately $21,122,509.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. This represents a 50.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,354,101 shares of company stock valued at $256,430,887. 12.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new position in Roblox in the 4th quarter worth approximately $363,000. Silicon Valley Capital Partners lifted its stake in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after purchasing an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after purchasing an additional 1,971 shares in the last quarter. Amundi lifted its stake in Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after purchasing an additional 1,681,263 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Roblox by 101.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock worth $40,762,000 after purchasing an additional 355,270 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of NYSE:RBLX traded up $3.03 during trading on Thursday, reaching $94.10. 14,581,546 shares of the company's stock traded hands, compared to its average volume of 7,809,041. Roblox has a fifty-two week low of $34.41 and a fifty-two week high of $94.27. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market cap of $63.82 billion, a PE ratio of -64.89 and a beta of 1.56. The company has a 50-day simple moving average of $69.56 and a 200-day simple moving average of $63.65.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the firm posted ($0.43) EPS. Roblox's revenue was up 30.6% compared to the same quarter last year. As a group, analysts predict that Roblox will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RBLX shares. Roth Mkm increased their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their target price on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Wedbush restated an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.91.

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.