Roblox Sees Unusually Large Options Volume (NYSE:RBLX)

Roblox Co. (NYSE:RBLX) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 46,186 call options on the company. This represents an increase of approximately 36% compared to the average volume of 33,940 call options.

Roblox Trading Up 3.0 %

NYSE RBLX opened at $69.08 on Friday. Roblox has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a fifty day simple moving average of $59.43 and a two-hundred day simple moving average of $58.14. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market cap of $43.41 billion, a P/E ratio of -47.64 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned ($0.43) EPS. Roblox’s quarterly revenue was up 30.6% on a year-over-year basis. On average, analysts forecast that Roblox will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on Roblox from $76.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Finally, Morgan Stanley reduced their price objective on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.50.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 229,167 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.14, for a total value of $3,057,000.00. Following the transaction, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at approximately $24,178,730.10. The trade was a 11.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 764,399 shares of company stock worth $45,431,661 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd raised its stake in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the 1st quarter worth about $39,000. Colonial Trust Co SC acquired a new position in Roblox during the 4th quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust boosted its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.