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

Roblox Corporation (NYSE:RBLX) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 54,765 call options on the stock. This represents an increase of 59% compared to the average daily volume of 34,495 call options.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBLX. Benchmark restated a “hold” rating on shares of Roblox in a report on Friday, October 31st. Macquarie increased their target price on Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. B. Riley assumed coverage on Roblox in a research note on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target for the company. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Roblox in a report on Friday, October 31st. Finally, The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and boosted their price target for the company from $155.00 to $180.00 in a report on Friday, October 31st. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.23.

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the transaction, the director directly owned 266,008 shares in the company, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the transaction, the insider owned 239,775 shares of the company’s stock, valued at $23,042,377.50. This trade represents a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 497,300 shares of company stock valued at $45,713,286 over the last ninety days. Corporate insiders own 12.92% of the company’s stock.

Institutional Investors Weigh In On Roblox

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Roblox by 2.6% in the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after acquiring an additional 1,513,608 shares during the period. SG Americas Securities LLC lifted its stake in shares of Roblox by 298.4% in the third quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock valued at $45,617,000 after purchasing an additional 246,652 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Roblox in the second quarter valued at $120,041,000. Teacher Retirement System of Texas lifted its stake in Roblox by 14.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock valued at $8,554,000 after buying an additional 10,325 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new stake in Roblox during the 2nd quarter valued at $2,779,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Trading Up 11.0%

NYSE RBLX traded up $8.40 during mid-day trading on Tuesday, reaching $85.12. 15,616,723 shares of the stock were exchanged, compared to its average volume of 11,620,875. The stock has a 50 day simple moving average of $90.40 and a 200-day simple moving average of $112.57. Roblox has a one year low of $50.10 and a one year high of $150.59. The stock has a market cap of $55.74 billion, a P/E ratio of -59.36 and a beta of 1.64. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned ($0.37) earnings per share. Roblox’s revenue for the quarter was up 70.3% on a year-over-year basis. On average, analysts anticipate that Roblox will post -1.49 EPS for the current year.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.