Traders Purchase High Volume of Roblox Call Options (NYSE:RBLX)

Roblox Co. (NYSE:RBLX) saw some unusual options trading activity on Thursday. Stock investors purchased 64,361 call options on the stock. This is an increase of 73% compared to the typical daily volume of 37,179 call options.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at $4,019,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the sale, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 979,341 shares of company stock valued at $43,897,012 over the last ninety days. 22.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Roblox

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after buying an additional 4,818,022 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after acquiring an additional 535,414 shares during the last quarter. ARK Investment Management LLC increased its stake in Roblox by 12.9% in the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after purchasing an additional 1,519,591 shares during the last quarter. Ieq Capital LLC grew its holdings in Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after buying an additional 2,684,713 shares during the period. Finally, Dragoneer Investment Group LLC increased its position in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of RBLX opened at $51.44 on Friday. Roblox has a twelve month low of $29.55 and a twelve month high of $52.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of -29.91 and a beta of 1.60. The firm’s fifty day simple moving average is $43.67 and its 200-day simple moving average is $39.34.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted ($0.45) EPS. The company’s revenue was up 9.5% on a year-over-year basis. Equities analysts forecast that Roblox will post -1.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on RBLX. BTIG Research upped their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group initiated coverage on shares of Roblox in a research report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price on the stock. Needham & Company LLC raised their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday. Roth Mkm raised their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Wedbush reiterated an “outperform” rating and set a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $52.55.

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.