This evening we watched Roblox drop -5.0% to a price of $27.74 per share. The large-cap Data Processing Services company is now trading -26.09% below its average target price of $37.53. Analysts have set target prices ranging from $18.0 to $60.0 per share for Roblox, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 5.4%, and a short ratio of 1.88. The company's insiders own 4.29% 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 73.9% of Roblox's shares being owned by this investor type.
Institutions Invested in Roblox
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Altos Ventures Management Inc. | 13% | 70,891,796 | $1,966,538,404 |
| 2023-06-30 | Morgan Stanley | 6% | 36,086,267 | $1,001,033,038 |
| 2023-06-30 | Vanguard Group Inc | 6% | 34,567,229 | $958,894,924 |
| 2023-06-30 | Baillie Gifford and Company | 5% | 28,549,298 | $791,957,519 |
| 2023-06-30 | Blackrock Inc. | 4% | 24,097,576 | $668,466,752 |
| 2023-06-30 | FMR, LLC | 3% | 16,372,633 | $454,176,835 |
| 2023-06-30 | Temasek Holdings (Private) Limited | 2% | 11,364,542 | $315,252,392 |
| 2023-06-30 | ARK Investment Management, LLC | 2% | 9,318,548 | $258,496,519 |
| 2023-06-30 | State Street Corporation | 2% | 8,688,393 | $241,016,019 |
| 2023-06-30 | Two Sigma Advisers, LP | 1% | 8,183,800 | $227,018,610 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Roblox.
