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Andrea L Wong, a director at Roblox Corp (NASDAQ:NYSE:RBLX), sold 5,770 shares of Class A Common Stock on August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as Roblox shares have shown remarkable strength, with the stock surging nearly 240% over the past year and 120% year-to-date. The shares were sold at a price of $130.395, for a total transaction value of $752,379.
Following the transaction, Wong directly holds 4,500 shares of Roblox, a portion of which are Restricted Stock Units. Additionally, she indirectly holds 41,891 shares through the Andrea L Wong Living Trust.
In other recent news, Roblox Corp reported its second-quarter 2025 earnings, surpassing revenue expectations with $1.1 billion compared to a forecast of $1.26 billion. Despite a larger-than-expected loss per share of $0.41, the company’s performance has been marked by strong user engagement and significant bookings growth. Canaccord Genuity responded to these results by raising its price target for Roblox to $160, highlighting AI-driven enhancements as a key factor in boosting user engagement. Similarly, BofA Securities increased its price target to $159, noting a remarkable 51% year-over-year bookings growth that outpaced even the most optimistic forecasts. Both firms maintained a Buy rating on the stock, reflecting confidence in Roblox’s growth potential. These developments underscore the company’s strong market position and promising outlook as it continues to enhance its platform.
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