The shares were sold at an average price of $45.00, for a total value of $653,445.00. Also, insider Manuel Bronstein sold 14,521 shares of the business’s stock in a transaction on Tuesday, July 11th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at $39.87. The stock was sold at an average price of $39.87, for a total transaction of $14,951,250.00. In related news, CEO David Baszucki sold 375,000 shares of Roblox stock in a transaction on Friday, May 19th. Following the sale, the insider now directly owns 815,245 shares in the company, valued at $36,686,025. The stock was sold at an average price of $45.00, for a total transaction of $653,445.00. In related news, insider Manuel Bronstein sold 14,521 shares of Roblox stock in a transaction on Tuesday, July 11th. Finally, Needham & Company LLC dropped their target price on Roblox from $53.00 to $48.00 in a research report on Thursday, May 11th. BTIG Research increased their target price on Roblox from $55.00 to $60.00 in a research report on Wednesday, May 10th. Jefferies Financial Group upped their price objective on Roblox from $48.00 to $52.00 in a research report on Thursday, April 6th. They set a “buy” rating and a $48.00 price objective for the company.

Canaccord Genuity Group began coverage on Roblox in a research report on Tuesday, June 13th. VNET Group restated a “maintains” rating on shares of Roblox in a research report on Monday, May 8th. Several brokerages recently weighed in on RBLX. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $40.35. Seven investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and twelve have issued a buy recommendation on the company. ( NYSE:RBLX – Get Free Report) have been given an average rating of “Hold” by the twenty-five brokerages that are currently covering the firm, Marketbeat reports.

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