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SAN MATEO, CA—Lee Anthony P, a director at Roblox Corp (NYSE:RBLX), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Lee executed a sale of 250,000 shares of Roblox's Class A common stock on January 16, 2025. The shares were sold at a weighted average price of $65.0371, resulting in a total transaction value of approximately $16.3 million. The sale comes as Roblox shares trade near their 52-week high of $66.51, having gained nearly 69% over the past year. According to InvestingPro analysis, the stock is currently showing overbought signals.
The sale was conducted under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which Lee adopted on November 20, 2023. Following this transaction, Lee still retains ownership of 6,254,137 shares, held indirectly through the Fallen Leaf Revocable Trust, where he serves as trustee.
Additionally, on January 17, 2025, a pro-rata in-kind distribution of 38,164 shares was made by Altos Ventures Management, Inc., where Lee serves on the board. However, this transaction did not involve any monetary exchange.
The transactions reflect Lee's ongoing management of his investment in Roblox, a company known for its popular online gaming platform.
In other recent news, Roblox Corp. has seen various analyst adjustments. BTIG maintained a Buy rating on the company, citing new account growth and strong gift card purchase trends. The firm also raised its price target to $66. HSBC initiated coverage on Roblox with a Buy rating and a price target of $63, noting steady improvements in the company's virtual world economics. Raymond (NS:RYMD) James reaffirmed a Strong Buy rating and increased its price target to $63, praising Roblox's strong fourth-quarter outlook. However, TD Cowen upheld a Sell rating on Roblox, citing a decline in the company's top grossing ranks on mobile platforms.
Meanwhile, Super Micro Computer (NASDAQ:SMCI) and other companies saw their stocks edge higher following the announcement of Hindenburg Research's disbanding. The firm, known for its critical reports, had a notable impact on the stock prices of the companies it investigated. Its closure may relieve some of the pressure on these companies, as suggested by the market's response.
These recent developments provide a snapshot of the current landscape for these companies. It's important to note that this information comes from various sources and represents recent changes in the market.
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