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San Mateo, CA – Manuel Bronstein, the Chief Product Officer at Roblox Corp (NYSE:RBLX), has recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Bronstein sold a total of 14,721 shares of Roblox's Class A Common Stock. The transactions, which took place on February 24, 2025, were executed at prices ranging from $60.05 to $61.51 per share, resulting in a total sale value of approximately $899,437. The sale comes as Roblox, now valued at $39.9 billion, has seen its stock surge over 35% in the past six months, according to InvestingPro data.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, which Bronstein adopted on May 15, 2024. Following these transactions, Bronstein retains ownership of 598,929 shares, which include a portion of restricted stock units. While analyst price targets range from $30 to $83, InvestingPro subscribers can access 8 additional key insights and a comprehensive analysis of Roblox's financial health and valuation metrics.
In other recent news, Roblox Corporation reported its fourth-quarter 2024 results, which included net bookings aligning with consensus estimates and an adjusted EBITDA exceeding Wall Street expectations. However, daily active users fell short of projections, and the company's 2025 bookings guidance was slightly below analysts' expectations. In light of these developments, Citi revised its price target for Roblox to $78 from $82 but maintained a Buy rating, indicating continued confidence in the company's future financial performance.
Meanwhile, Roblox is under investigation by the U.S. Securities and Exchange Commission, as confirmed by Bloomberg News, though details of the probe remain undisclosed. On a positive note, Benchmark raised its price target for Roblox from $60 to $71, highlighting the company's strong December bookings growth and a solid financial performance throughout FY 2024. Similarly, Needham increased its price target to $72, maintaining a Buy rating and expressing confidence in Roblox's long-term growth potential despite a slowdown in bookings growth.
Oppenheimer maintained a Perform rating for Roblox, citing strong fourth-quarter bookings and profit but noting that daily active user growth did not meet forecasts. The company reported a 19% year-over-year increase in daily active users, with significant growth in Japan and India. Investors will be closely watching Roblox's progress as it navigates these recent developments and strives for long-term growth and margin expansion.
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