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Roblox Corp (NYSE:RBLX) President and CEO David Baszucki sold 14,485 shares of Class A Common Stock on March 3, 2025, according to a recent Form 4 filing. The shares were sold at an average price of $64.9417, with individual sales prices ranging from $64.89 to $65.17, resulting in a total transaction value of $940,680. The stock, which has surged nearly 248% over the past year and currently trades at $127.06, is showing signs of being overvalued according to InvestingPro analysis.
Following the transaction, Baszucki directly holds 122,853 shares of Roblox Class A Common Stock, a portion of which are Restricted Stock Units. Baszucki also indirectly holds 832,034 shares through the 2020 Jan Baszucki Gift Trust, 1,638,550 shares through The Freedom Revocable Trust, 875 shares through The Baszucki Family Foundation, and 82,048 shares through the 2020 David Baszucki Gift Trust. The company, now valued at $88.06 billion, has shown strong revenue growth with a 27.39% increase in the last twelve months.
The sale was executed under a Rule 10b5-1 trading plan adopted on November 4, 2024. This Form 4 was filed to report additional transactions that were not reported in the Initial Form 4 due to administrative error. For deeper insights into Roblox’s financial health, valuation metrics, and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Roblox Corp reported its second-quarter 2025 earnings, surpassing revenue forecasts by posting $1.1 billion. Despite a larger-than-expected loss per share of $0.41, the company demonstrated strong performance in user engagement and bookings growth. Analysts have taken notice, with Canaccord Genuity raising its price target for Roblox to $160, citing AI-driven enhancements that boost engagement on the platform. Similarly, BofA Securities increased its price target to $159, highlighting a remarkable 51% year-over-year growth in bookings that outpaced expectations. These developments underscore the market’s confidence in Roblox’s growth potential. The company’s quarterly performance exceeded market expectations across daily active users and profitability metrics. These recent updates reflect a strong outlook from analysts regarding Roblox’s future trajectory.
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