BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Christopher Carvalho, a director at Roblox Corp (NYSE:RBLX), recently executed a series of stock transactions, according to a recent SEC filing. On May 5, Carvalho sold a total of 12,985 shares of Roblox’s Class A Common Stock, generating approximately $936,981. The shares were sold at prices ranging from $72.017 to $72.5501. The transaction comes as Roblox stock shows strong momentum, with a 74% return over the past year and current market capitalization of $47.6 billion.
In addition to the sales, Carvalho also exercised stock options to acquire 12,985 shares at a price of $0.063 each, totaling $818. Following these transactions, Carvalho holds 982,412 shares directly, with additional shares held indirectly through a trust. These transactions were executed under a prearranged trading plan established on May 28, 2024. For comprehensive analysis of Roblox’s insider trading patterns and financial health metrics, InvestingPro offers detailed research reports with expert insights and valuation analysis.
In other recent news, Roblox Corporation has reported strong first-quarter results, leading to multiple analyst firms adjusting their price targets for the company’s stock. The company experienced a 31% increase in revenue and a 26% rise in daily active users, reaching about 98 million. Notably, Roblox has raised its 2025 revenue forecast to a range of $5,285 million to $5,360 million and adjusted EBITDA expectations to $1,050 million to $1,110 million. Macquarie raised its price target for Roblox to $80, while Canaccord Genuity increased it to $84, both maintaining positive ratings. Jefferies adjusted its target to $70 with a Hold rating, and Needham raised its target to $79, maintaining a Buy rating. Goldman Sachs maintained a Neutral rating with a $63 target, noting positive early indicators from new initiatives. Roblox’s strategic enhancements, including partnerships and pricing optimizations, have contributed to its impressive performance. The company continues to focus on improving engagement, monetization, and user growth, which are seen as key drivers of its ongoing success.
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