Roblox shares rose 6.6% this afternoon to a price of $44.36. The stock is still trading within range of its average target price of $42.79, and over the last 52 weeks, it has recorded a 892.2% performance. Analysts have given the large-cap Data Processing Services stock target prices ranging from $20.0 to $60.0 dollars per share, with an average rating of hold.
The stock has an average amount of shares sold short at 5.0%, and a short ratio of 2.43. The company's insiders own 4.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 74.7% of Roblox's shares being owned by this investor type.
Institutions Invested in Roblox
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Altos Ventures Management Inc. | 13% | 70,891,796 | $3,144,894,788 |
| 2023-03-31 | Morgan Stanley | 7% | 36,737,705 | $1,629,754,407 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 6% | 33,569,199 | $1,489,193,460 |
| 2023-03-31 | Baillie Gifford and Company | 5% | 29,003,661 | $1,286,657,518 |
| 2023-03-31 | Blackrock Inc. | 4% | 22,418,113 | $994,510,094 |
| 2023-03-31 | FMR, LLC | 3% | 16,071,655 | $712,969,157 |
| 2023-03-31 | Temasek Holdings (Private) Limited | 2% | 11,364,542 | $504,152,679 |
| 2023-03-31 | ARK Investment Management, LLC | 2% | 9,026,480 | $400,431,806 |
| 2023-03-31 | Renaissance Technologies, LLC | 2% | 8,781,082 | $389,545,484 |
| 2023-03-31 | State Street Corporation | 1% | 8,117,869 | $360,124,095 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Roblox.
