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SAN MATEO, CA—Michael Guthrie, the Chief Financial Officer of Roblox Corp (NYSE:RBLX), recently sold a significant portion of his holdings in the company. The transaction comes as Roblox, now valued at approximately $40 billion, has seen its stock surge over 35% in the past six months. According to a Form 4 filed with the Securities and Exchange Commission, Guthrie sold a total of 49,000 shares of Class A Common Stock in multiple transactions on February 24, 2025. The shares were sold at prices ranging from $61.13 to $61.78 per share, totaling approximately $3.06 million. InvestingPro analysis shows the stock trading near its Fair Value, with analyst targets ranging from $30 to $83 per share.
In addition to the stock sales, Guthrie exercised options to acquire 50,000 shares at a price of $0.53 per share, adding $26,500 to the transaction value. Following these transactions, Guthrie holds 396,393 shares directly, with an additional 61,422 shares held indirectly through a family trust.
These transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted by Guthrie in November 2024.
In other recent news, Roblox Corp. reported a robust fourth quarter in 2024, with bookings rising by 21% to $1.36 billion and a 54% increase in free cash flow to $120 million. Despite these strong financials, the company’s daily active users (DAUs) did not meet analysts’ expectations, although significant growth was noted in Japan and India. Citi analysts adjusted Roblox’s price target from $82 to $78, maintaining a Buy rating due to the company’s performance and future outlook. Meanwhile, Benchmark raised its price target to $71, citing a 27% increase in mobile and desktop bookings and a positive outlook for 2025. Needham also increased its price target for Roblox to $72, maintaining a Buy rating despite a slowdown in bookings growth. Oppenheimer maintained a Perform rating, acknowledging the company’s strong quarter but expressing uncertainty about user growth. Additionally, Roblox is under investigation by the US Securities and Exchange Commission, with the specifics of the probe currently unconfirmed.
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