Roblox director Lee Anthony sells $1.3m in company stock

On April 1, 2025, Lee Anthony P, a director at Roblox Corp (NYSE:RBLX), executed significant stock sales according to a recent SEC filing. The transactions, which were part of a pre-established trading plan, involved the sale of Class A Common Stock in two separate transactions. The sales come as Roblox shares have gained nearly 70% over the past year, with the stock trading near its 52-week high of $75.74.

The first transaction comprised the sale of 13,900 shares at a weighted average price of $60.9961, totaling approximately $847,845. The second transaction involved 7,300 shares sold at a weighted average price of $62.0709, amounting to roughly $453,117. Combined, these sales brought in a total of approximately $1.3 million. According to InvestingPro, Roblox maintains strong revenue growth of 29% in the last twelve months, with a market capitalization of $38.8 billion.

Following these transactions, Lee Anthony P holds a substantial number of shares indirectly through various entities, with the largest holding being over 6.5 million shares. The sales were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks, helping avoid potential accusations of insider trading. For deeper insights into Roblox’s valuation and growth prospects, including 10 key investment tips and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Roblox has introduced a new video advertising format and announced a partnership with Google (NASDAQ:GOOGL), aiming to expand its advertising business. This initiative allows gamers to watch ads in exchange for in-game rewards, and brands can purchase these ad formats directly or through Google’s platform. Roblox has also partnered with data measurement firms like Cint, DoubleVerify (NYSE:DV), and Nielsen to help brands measure ad effectiveness. FBN Securities recently initiated coverage of Roblox, giving it a Sector Perform rating with a $65 price target, highlighting the company’s strong position in the interactive entertainment market. BMO Capital Markets maintained an Outperform rating and a $75 target, noting Roblox’s appeal to developers and potential for advertising revenue growth.

Oppenheimer analysts maintained a Perform rating after observing increased user engagement during "The Hunt: Mega Edition" event, which saw significant growth in concurrent users compared to the previous year. The event’s success reflects the platform’s overall expansion, with a 27% year-over-year growth in average concurrent users. Roblox’s efforts to diversify revenue streams through advertising and user growth are seen as key factors in its continued development.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.