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MENLO PARK, Calif.—Jason Warnick, Chief Financial Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), recently sold 25,000 shares of the company’s Class A common stock. The sale, which occurred on February 25, 2025, was executed at a weighted-average price of $45.91 per share, resulting in a total transaction value of approximately $1.15 million. The transaction comes as Robinhood, now valued at $43.38 billion, has seen its stock surge over 200% in the past year. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at 5.4 times book value.
The transaction was conducted under a Rule 10b5-1 trading plan that Warnick adopted on May 10, 2024. This plan allows insiders of publicly traded corporations to set up a predetermined schedule for buying or selling stock, helping to avoid potential accusations of insider trading. InvestingPro data shows the stock has exhibited significant volatility, with prices ranging from $13.98 to $66.91 over the past 52 weeks.
Following the sale, Warnick retains ownership of 871,543 shares of Robinhood’s Class A common stock. The shares were sold in multiple trades throughout the day, with prices ranging from $44.19 to $48.67, according to the filing. For deeper insights into Robinhood’s valuation and comprehensive analysis, access the full Pro Research Report available exclusively on InvestingPro.
In other recent news, Robinhood Markets Inc. reported a record-breaking quarter for its cryptocurrency revenue, reaching $360 million, which marks an almost fivefold increase from the previous quarter. This surge has made cryptocurrency revenue account for nearly 40% of Robinhood’s total quarterly revenue, highlighting the company’s expanded offerings in the digital currency sector. Meanwhile, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into Robinhood Crypto with no enforcement action, a development welcomed by the company as it seeks a clearer regulatory path forward.
In analyst updates, BofA Securities maintained a Buy rating on Robinhood with a $65 price target, citing strong retail engagement and growth potential in the self-directed retail and cryptocurrency markets. Bernstein analysts also upheld their Outperform rating with a $105 price target, emphasizing Robinhood’s diverse revenue streams and product innovation. Additionally, Piper Sandler reiterated an Overweight rating with a $75 price target, highlighting the potential earnings growth from Robinhood’s expansive product roadmap, including new offerings like futures and advisory services.
These developments underscore Robinhood’s strategic positioning and potential for growth, as it continues to expand its service offerings and capitalize on its strengths in the financial services landscape.
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