Roblox director Lee Anthony P sells $1.95 million in stock

SAN MATEO, CA—Lee Anthony P, a director at Roblox Corp (NYSE:RBLX), recently sold a significant portion of the company’s Class A Common Stock. According to a Form 4 filing with the Securities and Exchange Commission, Lee sold shares totaling approximately $1.95 million over a series of transactions conducted on May 12 and May 13, 2025. The sales come as Roblox shares trade near their 52-week high of $77.24, with the stock showing remarkable strength, up 143% over the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.

The sales were executed under a pre-established Rule 10b5-1 trading plan, adopted by Lee on November 15, 2024. The shares were sold at varying prices, with transactions on May 12 occurring at a weighted average price of $73.46, while those on May 13 were at an average price of $76.47.

Following these transactions, Lee’s direct holdings through various trusts and entities, including the Fallen Leaf Revocable Trust and Altos Hybrid 4, L.P., are reported to have adjusted accordingly. While Lee maintains a substantial position in Roblox, these sales mark a notable reduction in his holdings.

In other recent news, Roblox Corp. reported a strong first-quarter performance for 2025, with a notable 31% increase in revenue and a 26% rise in daily active users, reaching approximately 98 million. The company also saw a 30% increase in hours engaged and raised its revenue forecast for 2025, now expecting between $5,285 million and $5,360 million. Adjusted EBITDA expectations have been revised upwards as well, now anticipated to be between $1,050 million and $1,110 million. Analysts from various firms have responded positively, with Macquarie increasing the price target to $80 and maintaining an Outperform rating, while Canaccord Genuity raised the target to $84 with a Buy rating. Jefferies adjusted its price target to $70, maintaining a Hold rating, citing broad-based improvements across the platform. Goldman Sachs also increased its price target to $80, maintaining a Neutral rating, emphasizing the potential for continued 20%+ growth in forward bookings. Roblox’s strategic initiatives, including partnerships and platform enhancements, are expected to drive further growth and profitability.

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