Robinhood Markets CTO sells shares worth $250,555

Jeffrey Tsvi Pinner, the Chief Technology Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), recently executed a sale of company stock. According to a filing with the Securities and Exchange Commission, Pinner sold 5,876 shares of Class A Common Stock on January 6, 2025. The sale was conducted at an average price of $42.6405 per share, totaling approximately $250,555. The transaction comes as Robinhood, now valued at $36 billion, has seen its stock surge over 228% in the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.

The transaction was carried out under a Rule 10b5-1 trading plan, which Pinner adopted on November 11, 2024. The shares were sold in multiple trades throughout the day, with prices ranging from $41.92 to $43.12.

Following this transaction, Pinner's direct ownership of Robinhood shares remains at 5,876.

In other recent news, Robinhood has seen significant developments. JPMorgan upgraded Robinhood's stock from Underweight to Neutral, acknowledging the company's progress and diversified operations. Revenue growth and profitability have been strong, with earnings per share of $0.60 over the last twelve months. Robinhood has also introduced new products aimed at attracting more engaged users. Despite these advancements, questions remain about the company's long-term profitability potential due to smaller average account sizes compared to its peers.

Goldman Sachs reaffirmed its Buy rating for Robinhood, projecting the company's fourth-quarter trading revenue to be 51% higher than consensus estimates. Piper Sandler also maintained an Overweight rating, highlighting robust trading volumes and strong revenue growth over the last twelve months. Barclays (LON:BARC) upgraded Robinhood's shares to Overweight, citing a positive outlook on cryptocurrency and expansion.

These are recent developments in the company's expansion, including a 36% year-over-year increase in Q3 2024 revenues to $637 million and the acquisition of TradePMR for $300 million. The company also expanded its cryptocurrency offerings to 20 tokens and launched new trading products. However, companies with significant cryptocurrency exposure experienced a downturn due to a significant pullback in Bitcoin's value and the Federal Reserve's signals of interest rate caution.

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