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Steven M. Quirk, the Chief Brokerage Officer at Robinhood Markets , Inc. (NASDAQ:HOOD), recently sold shares in the company. According to a Form 4 filing with the Securities and Exchange Commission, Quirk sold 14,279 shares of Class A Common Stock on March 4, 2025. The shares were sold at a weighted-average price of $45.2678, resulting in a total transaction value of approximately $646,378. The transaction comes as Robinhood, now valued at $39.7 billion, has seen its stock surge 193% over the past year, according to InvestingPro data.
This transaction was executed as part of a Rule 10b5-1 trading plan, which Quirk adopted on November 12, 2024. The sales were conducted in multiple trades throughout the day, with prices ranging from $42.22 to $48.17. Following this transaction, Quirk holds 309,518 shares directly. With revenue growth of 58% and a P/E ratio of 28.3, Robinhood shows strong momentum. InvestingPro analysis suggests the stock is currently overvalued, with additional insights available in the comprehensive Pro Research Report covering 1,400+ US stocks.
In other recent news, Robinhood Markets Inc. reported a record-breaking fourth quarter for its cryptocurrency revenue, reaching $360 million, a nearly fivefold increase from the previous quarter. This significant growth in crypto revenue now constitutes about 40% of the company’s total quarterly revenue, up from 20% in the third quarter of 2024. BofA Securities maintains a Buy rating with a $65 target, citing robust organic growth and a promising outlook for Robinhood’s profitability, particularly with the adoption of its premium subscription service, Robinhood Gold. Meanwhile, Bernstein analysts have kept an Outperform rating with a $105 price target, emphasizing Robinhood’s diverse revenue streams and strategic growth initiatives, including strong performance in the cryptocurrency market.
Additionally, Piper Sandler reaffirmed its Overweight rating with a $75 price target, highlighting potential earnings growth from Robinhood’s expansive product roadmap, including futures, index options, and digital assets. The U.S. Securities and Exchange Commission recently concluded its investigation into Robinhood Crypto with no enforcement action, a development welcomed by the company. Robinhood’s Chief Legal Officer expressed satisfaction with the SEC’s decision, advocating for a more transparent regulatory framework for digital assets. These developments indicate a period of significant activity and potential growth for Robinhood, as it continues to expand its offerings and navigate the evolving financial landscape.
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