Roblox Target of Unusually High Options Trading (NYSE:RBLX)

Roblox Co. (NYSE:RBLX) was the target of unusually large options trading on Thursday. Traders bought 119,441 call options on the stock. This represents an increase of 171% compared to the typical volume of 44,053 call options.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at approximately $14,643,026. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,038,607 shares of company stock worth $49,713,872 over the last ninety days. 22.15% of the stock is owned by corporate insiders.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ValueAct Holdings L.P. boosted its stake in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. FMR LLC lifted its holdings in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the period. Dragoneer Investment Group LLC lifted its holdings in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the period. Whale Rock Capital Management LLC bought a new position in shares of Roblox during the 3rd quarter valued at $107,491,000. Finally, Greenvale Capital LLP bought a new position in shares of Roblox during the 2nd quarter valued at $89,304,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Stock Up 0.6 %

RBLX stock opened at $59.29 on Friday. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $59.80. The business’s 50 day moving average price is $47.03 and its two-hundred day moving average price is $42.08. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $36.02 billion, a price-to-earnings ratio of -35.95 and a beta of 1.50.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.45) EPS. As a group, analysts forecast that Roblox will post -1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on RBLX shares. Wedbush reaffirmed an “outperform” rating and set a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler boosted their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Barclays boosted their target price on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

About Roblox

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.