ARK Investment Management Adds $58M in Roblox Corporation ($RBLX)
Key Points
- ARK Investment Management changed its Roblox Corporation ($RBLX) stake by 21.96% last quarter, boosting to 5,896,106 shares worth $320.63 million.
- Wall Street's consensus rating on $RBLX is Buy and an average price target of $48.32.
- $RBLX last traded around $54.38.
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ARK Investment Management increased its position in Roblox Corporation ($RBLX) by 21.96% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,896,106 shares of Roblox Corporation after buying 1,061,769 shares during the quarter. ARK Investment Management's holdings in Roblox Corporation were worth $320.63 million as of its most recent filing.
Roblox Corporation Stock Up 41.1%
Shares of Roblox Corporation ($RBLX) traded around $54.38 on Saturday, up 41.1% for the day.
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About Roblox Corporation
Roblox Corporation operates an immersive platform for connection and communication in the United States and internationally. It offers Roblox Client, an application that allows users to explore immersive experience; Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate immersive experiences and other content; and Roblox Cloud, which provides services and infrastructure that power the platform. Roblox Corporation was incorporated in 2004 and is headquartered in San Mateo, California.
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