Shares of Roblox Are Skyrocketing - Can This Trend Continue?

Shares of Roblox rose to $45.92 during today's None trading session. Despite the 2.1% change, the large-cap Data Processing Services company still trades 9.18% above its average analyst target price of $42.06. So there may be further downside for the Data Processing Services stock. Roblox has target prices ranging from $19.0 to $60.0 per share, and its average rating is hold.

Roblox has an average level of shares sold short, at 6.7% of its total share float. The stock's short ratio (also called days to cover) is 1.64. The company's insiders own 4.37% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 75.7% of Roblox's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Roblox

Date Reported Holder Percentage Shares Value
2022-12-31 Altos Ventures Management Inc. 14% 78,672,205 $3,612,627,509
2022-12-31 Morgan Stanley 7% 38,527,516 $1,769,183,464
2022-12-31 Vanguard Group, Inc. (The) 6% 30,995,053 $1,423,292,777
2022-12-31 Baillie Gifford and Company 5% 29,442,957 $1,352,020,531
2022-12-31 Blackrock Inc. 4% 20,198,971 $927,536,711
2022-12-31 FMR, LLC 3% 14,893,520 $683,910,411
2022-12-31 Price (T.Rowe) Associates Inc 2% 12,413,716 $570,037,815
2022-12-31 Temasek Holdings (Private) Limited 2% 11,364,542 $521,859,747
2022-12-31 Index Venture Growth Associates III Ltd 2% 10,360,966 $475,775,539
2022-12-31 Renaissance Technologies, LLC 2% 10,150,982 $466,133,074
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.