Robinhood director Baiju Bhatt sells $31 million in stock

Published 13/06/2025, 22:38
Robinhood director Baiju Bhatt sells $31 million in stock

MENLO PARK, CA—In a recent transaction, Baiju Bhatt, a director at Robinhood Markets , Inc. (NASDAQ:HOOD), sold 418,338 shares of Class A Common Stock, amounting to approximately $31 million. The sale comes as Robinhood, currently valued at $64 billion, has demonstrated remarkable performance with a 211% return over the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score despite trading above its Fair Value. This sale was conducted on June 11, 2025, under Bhatt’s 10b5-1 trading plan, with shares sold at a weighted-average price of $74.29 per share. The transaction was part of a pre-arranged plan, converting an equivalent number of Class B Common Stock into Class A shares prior to the sale. Following this sale, Bhatt holds no remaining shares of Class A Common Stock in this transaction, and his total holdings of Class B Common Stock stand at 53,206,079 shares, held indirectly by a living trust. For deeper insights into insider trading patterns and comprehensive analysis, access the full HOOD Research Report on InvestingPro, where you’ll find 12 additional key insights about the company’s performance and valuation.

In other recent news, Robinhood Markets reported substantial growth in its platform assets, which reached $255 billion in May 2025, marking an 89% year-over-year increase. The company saw a rise in funded customers to approximately 25.9 million and recorded net deposits of $3.5 billion for the month. Trading volumes across equities, options, and cryptocurrencies also experienced significant growth, with equity trading volumes reaching $180.5 billion. Additionally, Robinhood completed its acquisition of Bitstamp, a European crypto exchange, for $200 million, adding around 500,000 funded customers to its base.

Piper Sandler maintained an Overweight rating on Robinhood, with a $70 price target, viewing the Bitstamp acquisition as a strategic move to enhance its cryptocurrency market presence. Conversely, Redburn-Atlantic downgraded Robinhood’s stock rating from Neutral to Sell, citing concerns about the sustainability of recent improvements and the company’s business model. The analysts also expressed caution regarding Robinhood’s global expansion and integration of recent acquisitions. Furthermore, Robinhood was not included in the S&P 500 index during the latest quarterly rebalancing, which can impact its stock due to passive investment fund adjustments.

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