Roblox Corporation (NYSE:RBLX) Short Interest Update

Roblox Corporation (NYSE:RBLX – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 13,884,449 shares, a decrease of 42.4% from the July 30th total of 24,107,149 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 16,510,605 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

• Why These Three Big Buybacks Are Sending Very Different Signals to Investors

Several analysts recently issued reports on the stock. Wolfe Research lowered shares of Roblox from an “outperform” rating to a “hold” rating in a research report on Friday, July 31st. BMO Capital Markets downgraded shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research report on Friday, July 31st. Cantor Fitzgerald started coverage on shares of Roblox in a research note on Monday, June 29th. They set an “overweight” rating on the stock. Wells Fargo & Company set a $46.00 price objective on shares of Roblox in a research report on Monday, August 3rd. Finally, Moffett Nathanson restated a “neutral” rating and issued a $40.00 price objective on shares of Roblox in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.89.

View Our Latest Research Report on Roblox

Insider Transactions at Roblox

• MarketBeat Week in Review – 05/04 – 05/08

In related news, CEO David Baszucki sold 52,568 shares of Roblox stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $1,995,481.28. Following the completion of the sale, the chief executive officer owned 799,646 shares of the company’s stock, valued at $30,354,562.16. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Reinstra sold 17,934 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $680,774.64. Following the sale, the insider owned 398,064 shares of the company’s stock, valued at approximately $15,110,509.44. This trade represents a 4.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 168,213 shares of company stock worth $6,831,901. Company insiders own 10.05% of the company’s stock.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hanson & Doremus Investment Management bought a new stake in shares of Roblox in the first quarter worth about $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Roblox during the fourth quarter valued at $27,000. Basecamp Wealth Advisors LLC lifted its position in Roblox by 98.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. GW&K Investment Management LLC grew its position in Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after acquiring an additional 161 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Roblox by 100.7% during the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 283 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

• Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook

Roblox stock traded up $0.54 during midday trading on Friday, hitting $38.69. The stock had a trading volume of 7,736,066 shares, compared to its average volume of 16,047,966. The firm’s fifty day moving average is $46.04 and its two-hundred day moving average is $51.76. The company has a market capitalization of $25.92 billion, a PE ratio of -27.06 and a beta of 1.46. Roblox has a 52-week low of $33.88 and a 52-week high of $142.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82.

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