Roblox Sees Unusually High Options Volume (NYSE:RBLX)

Roblox Co. (NYSE:RBLXGet Free Report) saw unusually large options trading activity on Wednesday. Stock traders purchased 139,816 call options on the company. This is an increase of approximately 116% compared to the average volume of 64,838 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBLX. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $48.00 in a research report on Thursday. Wells Fargo & Company began coverage on shares of Roblox in a research note on Wednesday, December 13th. They set an “overweight” rating and a $49.00 price target for the company. Roth Mkm raised their target price on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. Wolfe Research upgraded Roblox from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 17th. Finally, Benchmark reiterated a “buy” rating and issued a $46.00 target price on shares of Roblox in a research note on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.05.

View Our Latest Analysis on Roblox

Insider Transactions at Roblox

In other Roblox news, major shareholder Han Kim sold 100,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $38.79, for a total value of $3,879,000.00. Following the transaction, the insider now directly owns 3,284,862 shares of the company’s stock, valued at $127,419,796.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Han Kim sold 100,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $38.79, for a total value of $3,879,000.00. Following the completion of the sale, the insider now directly owns 3,284,862 shares of the company’s stock, valued at approximately $127,419,796.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Guthrie sold 14,705 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.70, for a total transaction of $539,673.50. Following the completion of the sale, the chief financial officer now owns 258,232 shares of the company’s stock, valued at approximately $9,477,114.40. The disclosure for this sale can be found here. Insiders have sold 308,272 shares of company stock valued at $12,671,049 in the last 90 days. 27.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roblox

Large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Roblox by 171.8% in the 3rd quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock worth $31,457,000 after acquiring an additional 686,594 shares during the last quarter. BlackRock Inc. grew its position in shares of Roblox by 7.5% in the 2nd quarter. BlackRock Inc. now owns 24,097,576 shares of the company’s stock worth $971,132,000 after buying an additional 1,679,463 shares during the last quarter. Schwab Charitable Fund grew its position in shares of Roblox by 54.6% in the 3rd quarter. Schwab Charitable Fund now owns 683,455 shares of the company’s stock worth $19,793,000 after buying an additional 241,364 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Roblox by 829.1% during the third quarter. SG Americas Securities LLC now owns 99,572 shares of the company’s stock valued at $2,884,000 after buying an additional 88,855 shares during the period. Finally, SOL Capital Management CO lifted its stake in Roblox by 42.9% in the third quarter. SOL Capital Management CO now owns 86,398 shares of the company’s stock worth $2,502,000 after acquiring an additional 25,925 shares during the period. Hedge funds and other institutional investors own 69.92% of the company’s stock.

Roblox Trading Up 0.3 %

NYSE RBLX opened at $44.86 on Friday. The stock’s 50-day simple moving average is $42.11 and its two-hundred day simple moving average is $35.62. Roblox has a twelve month low of $24.88 and a twelve month high of $47.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 8.38. The company has a market capitalization of $25.73 billion, a price-to-earnings ratio of -24.51 and a beta of 1.68.

Roblox (NYSE:RBLXGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 536.12% and a negative net margin of 42.54%. Roblox’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. Research analysts forecast that Roblox will post -1.93 EPS for the current fiscal year.

About Roblox

(Get Free Report)

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

Featured Stories

Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.