In addition to the sales, Guthrie exercised options to acquire 100,000 shares at a price of $0.53 per share, totaling $53,000. Following these transactions, Guthrie holds 331,187 shares directly and an additional 61,422 shares indirectly through the Guthrie Family Irrevocable GST Exempt Trust.These transactions were conducted under a prearranged 10b5-1 trading plan, which Guthrie adopted in November 2023. Want deeper insights? Access Roblox's comprehensive Pro Research Report, along with 1,400+ other detailed company analyses, exclusively on InvestingPro. Want deeper insights? Access Roblox's comprehensive Pro Research Report, along with 1,400+ other detailed company analyses, exclusively on InvestingPro.
In addition to the sales, Guthrie exercised options to acquire 100,000 shares at a price of $0.53 per share, totaling $53,000. Following these transactions, Guthrie holds 331,187 shares directly and an additional 61,422 shares indirectly through the Guthrie Family Irrevocable GST Exempt Trust.
These transactions were conducted under a prearranged 10b5-1 trading plan, which Guthrie adopted in November 2023.
In other recent news, Roblox Corporation has been the focus of several financial firms following significant developments. Raymond (NS:RYMD) James raised its share price target for Roblox, maintaining a strong buy rating due to positive trends for the fourth quarter. The firm pointed to ongoing user growth and strategic changes to Roblox's in-game currency, Robux, as key factors. However, TD Cowen maintained a sell rating on Roblox, citing potential challenges for the company's Q4 performance due to a decline in top grossing ranks on mobile platforms.
In contrast, Citi increased its price target for Roblox, following the company's third-quarter performance that exceeded expectations in key metrics such as bookings and daily active user growth. Deutsche Bank (ETR:DBKGn) also raised its price target for Roblox, attributing the company's strong performance to advancements in algorithms and improved payer conversion rates.
Macquarie, too, raised its price target for Roblox, praising the company's ability to effectively leverage its operations. These developments follow Roblox's robust third-quarter performance, which saw a 29% increase in revenues to $919 million and a 34% growth in bookings, reaching $1.13 billion. The company's daily active users also grew by 27%, reaching 88.9 million. These recent developments highlight the varying perspectives of financial firms on Roblox's performance and future prospects.
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