After this morning's 6.9% surge to $43.35 per share, Roblox might just keep moving past its target price of $43.9. With an average analyst rating of buy, and target prices from $26.0 to $60.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 4.4%, and a short ratio of 3.51. The company's insiders own 5.56% 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 74.2% of Roblox's shares being owned by this investor type.
Institutions Invested in Roblox
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 8% | 49,607,457 | $2,150,483,185 |
| 2024-06-30 | Altos Ventures Management Inc. | 7% | 43,942,843 | $1,904,922,176 |
| 2024-06-30 | Morgan Stanley | 5% | 29,987,736 | $1,299,968,309 |
| 2024-06-30 | Baillie Gifford and Company | 5% | 29,142,565 | $1,263,330,148 |
| 2024-06-30 | Blackrock Inc. | 5% | 27,150,745 | $1,176,984,754 |
| 2024-06-30 | FMR, LLC | 3% | 16,827,405 | $729,467,981 |
| 2024-06-30 | Temasek Holdings (Private) Limited | 2% | 14,018,512 | $607,702,473 |
| 2024-06-30 | ARK Investment Management, LLC | 2% | 13,338,829 | $578,238,216 |
| 2024-06-30 | Dragoneer Investment Group, LLC | 2% | 11,745,203 | $509,154,532 |
| 2024-06-30 | IEQ Capital, LLC | 2% | 11,421,671 | $495,129,420 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Roblox.
