BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Director Christopher Carvalho of Roblox Corp (NYSE:RBLX) sold 64,925 shares of Class A Common Stock on June 16, 2025, for approximately $6.49 million. The sales were executed at prices ranging from $100.00 to $100.26. The transaction comes as Roblox shares trade near their 52-week high of $101.45, having delivered an impressive 181% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
On the same day, Carvalho also exercised options to acquire 64,925 shares of Roblox’s Class A Common Stock at a price of $0.063 per share, for a total value of $4,090. With Roblox’s market capitalization now reaching $69.5 billion, InvestingPro data shows the company trading at notably high valuation multiples, with technical indicators suggesting overbought conditions.
Following these transactions, Carvalho directly owns 986,913 shares of Roblox Class A Common Stock. He also indirectly owns 160,968 shares through the Christopher P. Carvalho Revocable Trust dated October 11, 2017, for which he serves as trustee.
The reported transactions were executed under a Rule 10b5-1 trading plan adopted on May 28, 2024.
In other recent news, Roblox Corporation has seen several notable developments. Oppenheimer has raised its price target for Roblox to $125, citing factors such as increasing content velocity and under-utilized monetization features. Meanwhile, Piper Sandler increased its price target to $105, driven by strong user data and the viral success of "Grow a Garden." BofA Securities also adjusted its outlook, raising the price target to $103, noting sustained growth expectations and aggressive investment plans. Conversely, TD Cowen maintained a Sell rating with a $40 target, pointing to a slight downturn in user engagement for "Grow a Garden."
Additionally, Roblox has appointed Naveen Chopra as its new Chief Financial Officer, effective June 30, 2025. Chopra brings a wealth of experience from previous roles at Paramount, Amazon (NASDAQ:AMZN), Pandora (OTC:PNDRY), and TiVo (NASDAQ:TIVO_old). His appointment follows the announcement that current CFO Michael Guthrie will step down to pursue personal interests. These recent developments highlight the company’s ongoing strategic adjustments and market evaluations by analysts.
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