The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Roblox Corporation shares valued at $3,006,854 were sold by Guthrie Michael on Mar 04 ’25. At $60.14 per share, Guthrie Michael sold 50,000 shares. The insider’s holdings dropped to 395,465 shares worth approximately $23.16 million following the completion of this transaction.
Also, Carvalho Christopher sold 12,986 shares, netting a total of over 825,513 in proceeds. Following the sale of shares at $63.57 each, the insider now holds 982,412 shares.
Before that, Baszucki David had sold 195,068 shares from its account. In a trade valued at $12,668,048, the President & CEO traded Roblox Corporation shares for $64.94 each. Upon closing the transaction, the insider’s holdings decreased to 195,068 shares, worth approximately $7.2 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 -3.08%. Over the course of the year, Roblox Corporation shares have jumped approximately 1.23%. 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 $64.01, while a 200-day SMA reached $48.43.
Support And Resistance Levels for Roblox Corporation (RBLX)
According to the 24-hour chart, there is a support level at 57.17, which, if violated, would cause prices to drop to 55.76. In the upper region, resistance lies at 61.18. The next price resistance is at 63.78. RSI (Relative Strength Index) is 37.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 97.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
