Roblox director Carvalho sells shares worth $825,512

Christopher Carvalho, a director at Roblox Corp (NYSE:RBLX), recently made notable stock transactions according to a Form 4 filing with the SEC. On March 3, Carvalho sold a total of 12,986 shares of Roblox Class A Common Stock, resulting in proceeds of approximately $825,512. The transaction comes as Roblox, now valued at $42.2 billion, has seen its stock surge 44.8% over the past six months. The shares were sold at an average price range between $62.18 and $64.64. Following these transactions, Carvalho holds 982,412 shares directly. Additionally, Carvalho exercised stock options to acquire 12,986 shares at a nominal price of $0.063 per share, valued at $818. These transactions were conducted under a Rule 10b5-1 trading plan. According to InvestingPro analysis, Roblox currently trades near its Fair Value, with 12 more exclusive insights available to subscribers, including detailed valuation metrics and growth forecasts.

In other recent news, Roblox Corp. reported a robust fourth quarter in 2024, with net bookings aligning with consensus estimates and adjusted EBITDA surpassing Wall Street expectations. However, the company did not meet projections for daily active users, and its 2025 bookings guidance was slightly below analyst expectations. Despite these mixed results, Citi analysts maintained a Buy rating on Roblox, though they revised the stock’s price target downward to $78. Conversely, Benchmark and Needham analysts expressed confidence in Roblox’s performance, raising their price targets to $71 and $72, respectively, while maintaining Buy ratings.

Benchmark noted a significant increase in mobile and desktop bookings, while Needham acknowledged a slowdown in bookings growth but remained optimistic about the company’s long-term prospects. In another development, Roblox is under investigation by the US Securities and Exchange Commission, as confirmed by Bloomberg News. The exact subject of the investigation remains unconfirmed, and Roblox has not commented on the matter. Meanwhile, Oppenheimer maintained a Perform rating for Roblox, highlighting the company’s strong fourth-quarter performance and substantial growth in daily active users in regions like Japan and India.

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