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In a recent filing with the Securities and Exchange Commission, David Baszucki, President and CEO of Roblox Corp (NYSE:RBLX), reported selling shares of the company’s Class A common stock valued at $105,149. The sales occurred on February 25, 2025, at a price of $60.50 per share. The transaction comes as Roblox, now valued at over $40 billion, has seen its stock surge 37% over the past six months. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The transactions were part of a pre-arranged trading plan adopted by Baszucki on November 4, 2024. In addition to the sales, Baszucki also exercised options to acquire 1,445 shares at a price of $0.53 per share, totaling $765. Following these transactions, Baszucki holds 122,853 shares directly and has indirect interests through various trusts and foundations.
The filing also noted a gift of shares to a charitable organization and transfers to family trusts, all executed at no monetary value. These activities reflect Baszucki’s continued management of his holdings in the company.
In other recent news, Roblox Corp. reported a strong fourth quarter for 2024, with bookings rising by 21% to $1.36 billion and free cash flow increasing by 54% to $120 million. The company’s adjusted EBITDA also exceeded Wall Street’s expectations, although daily active users (DAUs) did not meet consensus projections. Analysts at Citi adjusted their price target for Roblox to $78, down from $82, while maintaining a Buy rating, reflecting a positive outlook despite the company’s slightly below-expectation 2025 bookings guidance.
In contrast, Benchmark raised its price target to $71, up from $60, maintaining a Buy rating due to the company’s robust growth in mobile and desktop bookings, which increased by 27%. Needham also increased its price target to $72, citing a strong long-term growth trajectory and maintaining a Buy rating, despite acknowledging a slowdown in bookings growth. Meanwhile, Oppenheimer maintained a Perform rating after noting a significant increase in daily active users, particularly in Japan and India, and highlighting the company’s improved monetization efforts.
Additionally, Roblox is under investigation by the US Securities and Exchange Commission (SEC), as confirmed by Bloomberg News. The SEC has not disclosed details about the investigation, and Roblox has not commented on the matter. The ongoing investigation adds a layer of complexity to the company’s current financial and operational developments.
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