Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roblox Corporation shares valued at $87,422 were sold by Baszucki David on Feb 25 ’25. At $60.50 per share, Baszucki David sold 1,445 shares. The insider’s holdings dropped to 122,853 shares worth approximately $7.42 million following the completion of this transaction.
Also, Baszucki David sold 293 shares, netting a total of over 17,726 in proceeds. Following the sale of shares at $60.50 each, the insider now holds 875 shares.
Before that, Chakravarthy Arvind had sold 18,756 shares from its account. In a trade valued at $1,114,778, the Chief People & Systems Officer traded Roblox Corporation shares for $59.44 each. Upon closing the transaction, the insider’s holdings decreased to 18,756 shares, worth approximately $12.4 million.
As published in a research note from MoffettNathanson on February 07, 2025, Roblox Corporation [RBLX] has been rated down from a Neutral to a Sell and the price target has been revised to $34. Analysts at HSBC Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of November 04, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for RBLX. Earlier on September 09, 2024, BTIG Research resumed its rating. Their recommendation was “a Buy” for RBLX stock.
Analyzing RBLX Stock Performance
During the last five days, there has been a drop of approximately -3.80%. Over the course of the year, Roblox Corporation shares have jumped approximately 4.44%. Shares of the company reached a 52-week high of $75.74 on 02/05/25 and a 52-week low of $57.02 on 01/02/25. A 50-day SMA is recorded $63.81, while a 200-day SMA reached $47.67.
Support And Resistance Levels for Roblox Corporation (RBLX)
According to the 24-hour chart, there is a support level at 59.54, which, if violated, would cause prices to drop to 58.66. In the upper region, resistance lies at 62.05. The next price resistance is at 63.68. RSI (Relative Strength Index) is 38.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.67, which suggests the price will decrease in the coming days. Percent R is at 81.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
