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
|2023-06-30||Altos Ventures Management Inc.||13%||70,891,796||$1,966,538,404|
|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||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.