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Arvind (NSE:ARVN) Chakravarthy, the Chief People & Systems Officer at Roblox Corp (NYSE:RBLX), recently sold a substantial portion of his holdings in the company. On February 20, 2025, Chakravarthy sold 15,462 shares of Roblox’s Class A Common Stock, with prices ranging from $61.3181 to $61.96 per share. This transaction amounted to a total of approximately $948,164.
The following day, February 21, 2025, he sold an additional 6,324 shares at an average price of $62.5542 per share, totaling around $395,592. After these transactions, Chakravarthy holds 223,017 shares of Roblox.
These sales were part of a planned transaction to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
In other recent news, Roblox Corp. reported a strong fourth quarter in 2024, with bookings increasing by 21% to $1.36 billion and a 54% rise in free cash flow, reaching $120 million. Despite not meeting expectations for daily active users, the company highlighted notable growth in Japan and India. In another development, the US Securities and Exchange Commission is actively investigating Roblox, although the specific focus of the probe remains undisclosed. Citi analysts adjusted their price target for Roblox to $78, down from $82, while maintaining a Buy rating, following the company’s fourth-quarter performance and future guidance. Benchmark analysts raised their price target to $71, citing robust growth in mobile and desktop bookings and a positive outlook on the company’s monetization initiatives. Similarly, Needham increased their price target to $72, also maintaining a Buy rating, despite a slowdown in bookings growth. Oppenheimer, however, maintained a Perform rating, acknowledging the company’s strong financial results but expressing uncertainty about user growth trajectories. These developments reflect a mixed but generally optimistic view from analysts regarding Roblox’s financial and operational performance.
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