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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.
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