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
|2023-06-30||Altos Ventures Management Inc.||13%||70,891,796||$2,135,969,753|
|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||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.