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Roblox Corp (NYSE:RBLX) CEO David Baszucki recently sold 6,448 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $61.33, totaling approximately $395,478, amid the stock’s impressive 44% surge over the past six months. This sale was conducted to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs). The transaction occurred as Roblox, now valued at over $41 billion, continues to show strong revenue growth of nearly 29% year-over-year.
In addition to the sale, Baszucki also made a charitable gift of 7,200 shares, which were transferred to a charitable organization. These shares were not sold for monetary gain and, as such, were valued at $0 for the transaction.
Following these transactions, Baszucki holds a significant number of shares both directly and indirectly through various trusts and foundations. This includes 122,853 shares directly owned post-transaction, and additional shares held in trusts and foundations associated with him and his family.
In other recent news, Roblox Corp. is currently under investigation by the US Securities and Exchange Commission (SEC), as confirmed by Bloomberg News. The details emerged from a Freedom of Information Act request, although the specific focus of the investigation remains undisclosed. Meanwhile, several analyst firms have updated their outlooks on Roblox. Benchmark raised its price target from $60 to $71, maintaining a Buy rating and noting strong growth in bookings and Adjusted EBITDA margin expansion. Similarly, Needham increased its price target to $72, also keeping a Buy rating, despite a slowdown in bookings growth. Oppenheimer maintained a Perform rating following a strong Q4 2024 report, highlighting a 19% increase in daily active users and a 21% rise in bookings. Additionally, Goldman Sachs adjusted its price target to $63 from $55, maintaining a Neutral rating, citing solid monetization and engagement trends despite some shortfalls in daily active user expectations. These developments reflect a mix of optimism and caution among analysts regarding Roblox’s future performance.
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