Gregory Baszucki, director of online gaming platform provider Roblox (RBLX), has offloaded 26,000 shares of the company for a total value of $1.7 million. In the pre-market trading session today, RBLX stock was down 4.5%, reflecting investors’ concerns about the stock sale.
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The shares were sold at prices ranging from $65.29 to $66.20 per share on January 22. It must be noted that RBLX stock was sold indirectly through the Greg and Christina Baszucki Living Trust, of which Baszucki serves as trustee. Following the latest divestment, Baszucki directly or indirectly owns Roblox stock worth about $835.71 million.
RBLX Stock Delivers Impressive Performance
It should be noted that the stock sale came after the company’s share price skyrocketed 16% so far in 2025 and 65.3% over the past six months. Several reasons led to RBLX’s impressive share price growth. These include strong financial performance and overall positive market sentiment towards tech and gaming stocks.
Further, several analysts have rated Roblox stock a Buy this month, with some even increasing their price targets. For instance, Top-rated BTIG analyst Clark Lampen increased the stock’s price target to $66 from $56 on January 14, while J.P. Morgan (JPM) analyst Cory Carpenter lifted the target to $72 from $62 on January 10.
Bearish Insider Trading Signal on TipRanks
On TipRanks, Roblox currently has a Very Negative insider confidence signal, based on informative sell transactions worth $7.6 million undertaken in the last three months.
It is important to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company’s growth potential. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is RBLX a Good Stock to Buy?
Turning to Wall Street, Roblox stock has a Moderate Buy consensus rating based on 17 Buys, four Holds, and one Sell assigned in the last three months. At $62.48, the average Roblox price target implies a 6.84% downside potential.
