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.
