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In a recent transaction, Jeffrey Pinner, the Chief Technology Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), sold 5,853 shares of the company’s Class A common stock. The sale comes as Robinhood’s stock has shown remarkable strength, delivering a 174% return over the past year and trading near its 52-week high of $66.91. According to InvestingPro analysis, the stock appears overvalued at current levels. The shares were sold on March 5, 2025, at a weighted-average price of $46.81, resulting in a total transaction value of $273,981.
This sale was executed under a Rule 10b5-1 trading plan, which Pinner adopted on November 11, 2024. The transactions were carried out in multiple trades throughout the day, with prices ranging from $45.22 to $48.27. Following this sale, Pinner holds 17,559 shares directly.
In other recent news, Robinhood Markets reported a record-breaking quarter for its cryptocurrency revenue, reaching $360 million, which marks an almost fivefold increase from the previous quarter. This surge in crypto revenue now accounts for nearly 40% of Robinhood’s total quarterly revenue. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Robinhood Crypto with no enforcement action, a decision welcomed by the company. Analysts at BofA Securities maintained a Buy rating on Robinhood with a $65 price target, citing strong organic growth and a promising outlook in the self-directed retail and cryptocurrency sectors.
Bernstein analysts also expressed confidence in Robinhood, maintaining an Outperform rating with a $105 price target, noting significant growth in cryptocurrency revenues and the company’s diverse financial services. Piper Sandler reaffirmed its Overweight rating with a $75 price target, highlighting potential earnings growth from Robinhood’s expansive product roadmap. The analysts projected that new products could significantly boost earnings estimates for the coming years. Robinhood’s inclusion of a variety of cryptocurrencies, including memecoins, has contributed to its recent success in the digital currency market. Despite Robinhood’s impressive performance, the company continues to face competition from platforms like Coinbase (NASDAQ:COIN), which reported a higher total trading volume.
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