Roblox chief safety officer Matthew Kaufman sells $550,118 in stock

Published 09/06/2025, 22:24
© Riccardo Milani / Hans Lucas via Reuters Connect

Matthew D. Kaufman, the Chief Safety Officer of Roblox Corp (NYSE:RBLX), recently sold a portion of his holdings in the company. The transaction comes as Roblox shares trade near their 52-week high of $96.28, having delivered an impressive 162% return over the past year according to InvestingPro data. According to a filing with the Securities and Exchange Commission, Kaufman sold 6,000 shares of Class A Common Stock on June 5, 2025. The shares were sold at an average price of approximately $91.69, resulting in a total transaction value of $550,118.

Following this transaction, Kaufman retains ownership of 325,223 shares. It’s noted that a portion of these shares are held as Restricted Stock Units (RSUs), which represent a contingent right to receive one share of the company’s Class A Common Stock for each RSU.

The transaction was executed as part of a pre-established trading plan under Rule 10b5-1, adopted by Kaufman in November 2024. This allows insiders of publicly traded corporations to set up a predetermined plan to sell company stock in a manner that avoids insider trading accusations.

In other recent news, Roblox Corporation announced the appointment of Naveen Chopra as its new Chief Financial Officer, effective June 30, 2025. Chopra brings a wealth of experience from his previous roles at Paramount, Amazon (NASDAQ:AMZN), Pandora (OTC:PNDRY), and TiVo (NASDAQ:TIVO_old), and is expected to manage Roblox’s financial functions, including investor relations and financial planning. Meanwhile, TD Cowen maintained a Sell rating on Roblox stock, with a price target of $40, citing a recent downturn in user engagement for the game "Grow a Garden." Despite this, Piper Sandler raised its price target for Roblox to $105, maintaining an Overweight rating, due to strong user data and the company’s long-term platform opportunities.

Additionally, BofA Securities increased its price target for Roblox to $103, maintaining a Buy rating, reflecting confidence in the company’s sustained growth and future investment plans. Roblox has also completed its reincorporation from Delaware to Nevada, a move approved by stockholders and effective as of May 30, 2025. This change in incorporation is not expected to affect the company’s operations or financial obligations. During the annual meeting, stockholders elected three directors and approved executive compensation and the appointment of Deloitte & Touche LLP as the independent auditor. These developments highlight Roblox’s strategic decisions and ongoing efforts to foster growth and innovation.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.