Investors Are Bailing Out of Roblox (RBLX). Here's Why.

Roblox stock is trading -18.59% below its average target price of $37.01 after dropping -1.2% during today's morning session. Analysts are giving the large-cap Data Processing Services company an average rating of buy and target prices ranging from $18.0 to $60.0 per share.

The stock has an average amount of shares sold short at 5.8%, and a short ratio of 2.2. 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 $2,135,969,753
2023-06-30 Morgan Stanley 6% 36,086,267 $1,087,279,194
2023-06-30 Vanguard Group Inc 6% 34,567,229 $1,041,510,580
2023-06-30 Baillie Gifford and Company 5% 28,549,298 $860,190,324
2023-06-30 Blackrock Inc. 4% 24,097,576 $726,059,944
2023-06-30 FMR, LLC 3% 16,372,633 $493,307,418
2023-06-30 Temasek Holdings (Private) Limited 2% 11,364,542 $342,413,640
2023-06-30 ARK Investment Management, LLC 2% 9,318,548 $280,767,843
2023-06-30 State Street Corporation 2% 8,688,393 $261,781,273
2023-06-30 Two Sigma Advisers, LP 1% 8,183,800 $246,577,887

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Roblox.

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.