Robinhood markets chief brokerage officer sells $1.34 million in stock

MENLO PARK, CA — On May 9, 2025, Steven M. Quirk, the Chief Brokerage Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), sold 24,311 shares of the company’s Class A common stock. The sale comes as Robinhood, now valued at over $55 billion, has seen its stock surge nearly 270% over the past year. The shares were sold at an average price of $54.93, amounting to a total transaction value of approximately $1.34 million. This sale was executed under a Rule 10b5-1 trading plan that Quirk adopted on November 12, 2024. Following the transaction, Quirk retains ownership of 299,349 shares in the company. According to InvestingPro analysis, HOOD currently trades at a P/E ratio of 35.1x and shows strong momentum with a 96% gain over the past six months. For deeper insights into Robinhood’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Robinhood Markets has announced its acquisition of WonderFi Technologies, a Canadian digital asset company, for approximately C$250 million in an all-cash deal. This acquisition, which offers a 41% premium over WonderFi’s recent stock price, is expected to close in the second half of 2025, pending necessary approvals. The move is part of Robinhood’s strategy to expand its presence in the Canadian crypto market, and WonderFi will continue to operate independently post-acquisition. Mogo Inc., a major shareholder of WonderFi, has expressed support for the deal, emphasizing the liquidity and value it brings to shareholders.

In earnings-related developments, Robinhood reported a 50% year-over-year revenue increase to $927 million, slightly surpassing analyst estimates. However, adjusted EBITDA was 8% below expectations due to one-time transaction costs. JMP Securities maintains a Market Outperform rating with a $70 price target, citing Robinhood’s profitable growth and robust customer engagement. Meanwhile, Needham has reduced its price target to $58 while maintaining a Buy rating, noting a decline in cryptocurrency trading volumes but strength in options and equities trading.

Additionally, Raymond (NSE:RYMD) James continues to rate Robinhood at Market Perform, highlighting its unique revenue model that generates significantly higher revenue per client asset compared to competitors. Robinhood’s strategic focus on expanding its financial ecosystem and enhancing client engagement remains evident through its recent acquisitions and product developments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.