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Michael Guthrie, the Chief Financial Officer of Roblox Corp (NYSE:RBLX), recently sold a significant portion of his holdings in the company. On March 4, Guthrie executed two separate sales transactions, selling a total of 50,000 shares of Class A Common Stock. The shares were sold at an average price range between $59.71 and $60.51, amounting to approximately $3 million. The transaction comes as Roblox, now valued at $39.15 billion, has seen its stock surge nearly 59% over the past year, according to InvestingPro data.
These transactions were part of a prearranged trading plan under Rule 10b5-1, which Guthrie adopted in November 2024. Following these sales, he retains direct ownership of 395,465 shares of Roblox. Additionally, Guthrie exercised stock options to acquire 50,000 shares at a price of $0.53 per share, totaling $26,500. Despite impressive revenue growth of 28.7% in the last twelve months, InvestingPro analysis indicates the company remains unprofitable, with current trading levels aligned with its Fair Value.
Guthrie’s financial activities are part of a broader strategy to manage his equity position in the company, while still maintaining a substantial stake. Investors often monitor such insider transactions to gauge executive sentiment about the company’s future performance. For deeper insights into Roblox’s financial health and growth prospects, including 8 additional exclusive ProTips and comprehensive valuation metrics, explore the full analysis available on InvestingPro.
In other recent news, Roblox Corp. reported fourth-quarter results that showed net bookings in line with consensus estimates and an adjusted EBITDA that exceeded Wall Street expectations. However, the company’s daily active users did not meet projections, and its 2025 bookings guidance fell slightly short of analyst expectations. Additionally, Roblox is under investigation by the US Securities and Exchange Commission, as confirmed by a Freedom of Information Act request. Despite these challenges, several analyst firms have adjusted their outlooks on Roblox. Citi revised its price target to $78, maintaining a Buy rating, while Benchmark raised its target to $71, also keeping a Buy rating. Needham increased its price target to $72, citing strong underlying trends despite a slowdown in bookings growth. Oppenheimer maintained a Perform rating, highlighting a 19% year-over-year increase in daily active users and a 21% rise in bookings. Investors will be closely watching Roblox’s progress as it navigates these recent developments and aims for long-term growth.
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