BETA Technologies launches IPO of 25 million shares priced $27-$33
Robinhood Markets (NASDAQ:HOOD) Chief Technology Officer Jeffrey Tsvi Pinner sold 5,865 shares of Class A Common Stock on September 5, 2025, for approximately $585,514. The sale comes as the $105.3 billion fintech company’s stock has surged nearly 500% over the past year, currently trading near its 52-week high of $117.70. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 58.
The shares were sold at a weighted average price of $99.8319, with individual sales prices ranging from $96.39 to $105.82. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 11, 2024. Following the transaction, Pinner directly owns 23,680 shares of Robinhood Markets , Inc. For deeper insights into HOOD’s valuation metrics and 12 additional exclusive ProTips, visit InvestingPro.
In other recent news, Robinhood Markets reported a significant 106% year-over-year growth in total platform assets, reaching $298 billion by the end of July 2025. This marks a 7% increase from June, highlighting the platform’s expanding user base with 26.7 million funded customers and net deposits of $6.4 billion for July. Cantor Fitzgerald responded to these strong figures by raising its price target for Robinhood to $128, maintaining an Overweight rating due to the company’s record-breaking equity volumes and option contracts in July. Additionally, Robinhood was recently added to the S&P 500 index, which Bernstein SocGen Group acknowledged by reiterating its Outperform rating and a $160 price target.
In another development, Robinhood has partnered with Bitstamp USA Inc. to serve as the trading venue for the Official Dogecoin Treasury, aiming to enhance stability and transparency within the Dogecoin ecosystem. Robinhood also launched new football prediction markets on its platform, allowing users to trade on outcomes of professional and college football games. These moves reflect Robinhood’s ongoing efforts to diversify its offerings and strengthen its position in the financial services market.
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