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Manuel Bronstein, the Chief Product Officer of Roblox Corp (NYSE:RBLX), recently sold shares of the company’s Class A Common Stock, totaling approximately $1.85 million. The transactions occurred on May 22, 2025, and involved two separate sales. The stock has shown remarkable strength, with a 152% return over the past year and currently trades near its 52-week high of $83.04.
The first transaction involved the sale of 12,343 shares at an average price of $81.6562 per share, while the second transaction saw the sale of 10,170 shares at an average price of $82.4501 per share. These sales were conducted under a Rule 10b5-1 Plan, which Bronstein adopted on May 15, 2024. The stock has since climbed to $85.43, reflecting continued market optimism despite technical indicators suggesting overbought conditions.
Following these transactions, Bronstein retains ownership of 519,619 shares, including Restricted Stock Units (RSUs) that represent a contingent right to receive shares of Roblox’s Class A Common Stock. With a market capitalization of $57.8 billion, Roblox trades at notably high multiples, suggesting premium valuations. Get deeper insights into Roblox’s valuation and 13 additional key metrics with InvestingPro.
In other recent news, Roblox Corp. has garnered attention with its latest financial and strategic developments. Macquarie has raised its price target for Roblox to $80, citing the company’s robust first-quarter performance, which included a 31% increase in revenue and a 26% rise in daily active users. Similarly, Canaccord Genuity increased its price target to $84, maintaining a Buy rating due to strong results in daily active users, bookings, and profitability. The company’s strategic initiatives, such as enhancements to search and discovery and new pricing tools, have contributed to increased engagement and revenue growth.
Deutsche Bank (ETR:DBKGn) reiterated its Buy rating with a $78 target, following the launch of Roblox’s Rewarded Video Ads in partnership with Google (NASDAQ:GOOGL). This new advertising model is projected to significantly enhance revenue streams, potentially adding $150 million to $300 million by 2026. Meanwhile, Goldman Sachs raised its price target to $80, maintaining a Neutral rating, and noted the potential for a 22% compound annual growth rate in bookings from 2024 to 2027.
Despite these positive developments, TD Cowen maintains a Sell rating with a $40 target, expressing concerns over the company’s Q2 performance and potential overestimation based on engagement metrics. They project a 30% increase in bookings but a 15% decrease in average revenue per daily active user for Q2. As Roblox continues to navigate these varied analyst perspectives, the company’s strategic moves and financial results remain under close scrutiny by investors.
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