Roblox stock is trading -9.8% below its average target price of $43.42 after dropping -4.9% during today's afternoon session. Analysts are giving the large-cap Data Processing Services company an average rating of buy and target prices ranging from $24.0 to $55.0 per share.
The stock has an average amount of shares sold short at 4.9%, and a short ratio of 2.54. The company's insiders own 4.15% 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 71.1% of Roblox's shares being owned by this investor type.
Institutions Invested in Roblox
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Altos Ventures Management Inc. | 10% | 60,210,495 | $2,358,144,091 |
| 2023-09-30 | Vanguard Group Inc | 8% | 44,593,008 | $1,746,485,199 |
| 2023-09-30 | Morgan Stanley | 7% | 41,014,115 | $1,606,317,851 |
| 2023-12-31 | Baillie Gifford and Company | 5% | 27,739,346 | $1,086,411,511 |
| 2023-09-30 | Blackrock Inc. | 4% | 23,743,497 | $929,914,081 |
| 2023-09-30 | Temasek Holdings (Private) Limited | 2% | 13,253,529 | $519,074,475 |
| 2023-12-31 | ARK Investment Management, LLC | 2% | 11,906,173 | $466,305,276 |
| 2023-09-30 | State Street Corporation | 2% | 9,307,169 | $364,515,282 |
| 2023-09-30 | Dragoneer Investment Group, LLC | 2% | 9,257,159 | $362,556,640 |
| 2023-09-30 | IEQ Capital, LLC | 2% | 9,151,748 | $358,428,218 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Roblox.
