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David Baszucki, the President and CEO of Roblox Corp (NYSE:RBLX), recently made significant transactions involving the company’s Class A Common Stock. The timing is notable as the stock trades near its 52-week high of $90.41, having delivered an impressive 157% return over the past year. On June 2, 2025, Baszucki sold shares totaling approximately $83.57 million. The sales occurred at prices ranging from $87.92 to $88.76 per share.
In addition to the sales, Baszucki exercised stock options to acquire shares at prices between $3.345 and $3.405, totaling $2.30 million. These transactions were part of a pre-arranged trading plan adopted on November 4, 2024, under Rule 10b5-1.
Baszucki also made charitable contributions through gifts of shares, including transfers to The Baszucki Family Foundation and The Freedom Revocable Trust. These transactions were reported as having no dollar value, reflecting their nature as gifts. The donations come as Roblox, now valued at $61.8 billion, continues to show strong momentum with a 64.92% price return over the past six months.
In other recent news, Roblox Corp has completed its reincorporation from Delaware to Nevada, with the transition officially taking effect on May 30, 2025. This strategic move, approved by stockholders, will not alter the company’s business operations or financial obligations. In terms of financial performance, BMO Capital Markets raised its price target for Roblox to $95, citing strong daily active user growth and increased engagement from a new game, "Grow a Garden." BMO revised its second-quarter bookings estimate to $1.216 billion, surpassing the company’s guidance. Conversely, TD Cowen maintained a Sell rating with a $40 target, expressing concerns about the sustainability of engagement metrics and predicting a potential slowdown in growth. Meanwhile, Deutsche Bank (ETR:DBKGn) continues to support Roblox with a Buy rating and a $78 target, highlighting the promising revenue potential from the new Rewarded Video Ads in partnership with Google (NASDAQ:GOOGL). Goldman Sachs also adjusted its outlook, raising the price target to $80 while maintaining a Neutral rating, reflecting confidence in Roblox’s ability to sustain a 20% growth rate in bookings. These developments showcase a range of perspectives on Roblox’s growth trajectory and monetization strategies.
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