Roblox chief accounting officer sells $274,054 in stock

Published 25/02/2025, 00:12
© Riccardo Milani / Hans Lucas via Reuters Connect

Amy Marie Rawlings, the Chief Accounting Officer at Roblox Corp (NYSE:RBLX), recently sold a portion of her holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Rawlings sold 4,468 shares of Roblox’s Class A Common Stock on February 20, 2025. The shares were sold at an average price of $61.34, generating a total transaction value of $274,054. This transaction comes as Roblox shares have shown strong momentum, delivering a 50.77% return over the past year. InvestingPro data shows the company’s market capitalization stands at $40.69 billion, with the stock trading near its Fair Value.

The sale was conducted to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs). Following this transaction, Rawlings retains ownership of 75,583 shares in the company. The shares were sold in multiple transactions within a price range of $60.95 to $61.92. According to InvestingPro, Roblox maintains a ’Fair’ financial health score, with 10+ additional exclusive insights available for subscribers, including detailed analysis of the company’s valuation metrics and growth prospects.

In other recent news, Roblox Corp. reported fourth-quarter results that showed net bookings aligned with consensus estimates and an adjusted EBITDA that exceeded expectations. However, daily active users fell short of projections, and the 2025 bookings guidance was slightly below analysts’ expectations. The company is also under investigation by the US Securities and Exchange Commission, though specific details of the probe remain undisclosed. Analyst firms have adjusted their outlooks on Roblox, with Citi lowering its price target to $78 while maintaining a Buy rating, and Benchmark raising its target to $71, also with a Buy rating. Needham increased its price target to $72, citing a valuation based on projected adjusted EBITDA for 2026, and maintained a Buy rating despite a slowdown in bookings growth. Oppenheimer, on the other hand, maintained a Perform rating following a strong fourth quarter, noting significant growth in daily active users and a substantial increase in free cash flow. Investors are closely monitoring Roblox’s progress in meeting its strategic goals and navigating the competitive gaming landscape.

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