Roblox’s chief legal officer sells $1.6m in RBLX stock

Published 25/11/2025, 02:46
© Reuters

Mark Reinstra, Chief Legal Off. & Corp. Sec. of Roblox Corp (NASDAQ:RBLX), sold 2796 shares, 2901 shares, 4995 shares, 3960 shares and 2130 shares of Class A Common Stock on November 20, 2025, for a total of $1.6 million.

The sales were executed in multiple transactions with prices ranging from $93.36 to $97.07 per share. Despite recent selling pressure that has pushed the stock down nearly 11% in the past week, Roblox maintains a strong market capitalization of $63.1 billion and continues to show robust revenue growth of 32.7% over the last twelve months.

Following the transactions, Reinstra directly owns 370532 shares of Roblox Corp . He also indirectly owns 120272 shares held by the San Domenico Trust, 33538 shares held by the Mark L. Reinstra 2023 Annuity Trust, 16653 shares held by the Mark L. Reinstra 2022 Annuity Trust, 33538 shares held by the Susan P. Reinstra 2023 Annuity Trust and 16653 shares held by the Susan P. Reinstra 2022 Annuity Trust. InvestingPro analysis indicates the company holds more cash than debt on its balance sheet, though it remains unprofitable with a -$1.43 EPS. For deeper insights into Roblox’s financial health and comprehensive analysis, check out the Pro Research Report available for this and 1,400+ other top US stocks.

In other recent news, Roblox reported third-quarter bookings of $1.92 billion, surpassing FactSet consensus estimates of $1.72 billion. The company also provided guidance for fourth-quarter bookings at $2.03 billion, indicating a 44% year-over-year growth. Despite these strong results, Jefferies lowered its price target for Roblox to $115 from $130, citing cautious commentary on the company’s 2026 outlook. Similarly, Oppenheimer reduced its price target to $150 from $158, although it maintained an Outperform rating due to margin concerns. Needham reiterated its Buy rating with a $159 price target, highlighting the better-than-expected third-quarter earnings. BMO Capital also reiterated an Outperform rating with a $155 price target amid increasing competition in the user-generated content space. In legal developments, Roblox is facing a lawsuit from the Texas Attorney General over alleged child safety concerns, adding to ongoing legal challenges from other states. These recent developments provide a complex backdrop for investors assessing Roblox’s future prospects.

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