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In recent transactions reported to the Securities and Exchange Commission, Arvind (NSE:ARVN) Chakravarthy, Chief People & Systems Officer at Roblox Corp (NYSE:RBLX), sold a portion of his holdings in the company. On February 27, Chakravarthy disposed of 982 shares of Roblox Class A Common Stock at a price of $61.26 per share. The total value of this transaction amounted to $60,157.
Following this sale, Chakravarthy retains ownership of 204,261 shares in Roblox. It’s noteworthy that a portion of these shares are in the form of Restricted Stock Units (RSUs), which represent a contingent right to receive shares of Roblox’s Class A Common Stock. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 10+ additional exclusive tips and detailed valuation metrics. The reported transaction was executed under a pre-established Rule 10b5-1 trading plan, which Chakravarthy adopted in November 2024.
In other recent news, Roblox Corp. reported strong fourth-quarter 2024 results, with net bookings aligning with consensus estimates and adjusted EBITDA surpassing Wall Street expectations. Despite this, daily active users did not meet projections, and the company’s 2025 bookings guidance was slightly below analyst expectations. The US Securities and Exchange Commission is actively investigating Roblox, as confirmed by Bloomberg News, although the specific focus of the probe remains undisclosed. Citi analysts adjusted Roblox’s price target to $78 from $82, maintaining a Buy rating, reflecting their analysis of recent performance and future projections.
Benchmark analysts raised their price target for Roblox to $71 from $60, also maintaining a Buy rating, citing a 27% increase in mobile and desktop bookings in December. Needham analysts increased their price target to $72, maintaining a Buy rating, while noting a slowdown in bookings growth but highlighting robust underlying trends. Oppenheimer maintained a Perform rating for Roblox, acknowledging a 19% year-over-year increase in daily active users and a 54% rise in free cash flow. These developments illustrate varied perspectives among analysts regarding Roblox’s growth prospects and ongoing challenges.
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