How are energy investors positioned?
Baiju Bhatt, a director at Robinhood Markets , Inc. (NASDAQ:HOOD), sold 418,338 shares of Class A Common Stock on July 24, 2025, at a price of $101.8833, totaling approximately $42.6 million. The transaction comes as Robinhood’s stock has shown remarkable performance, with a 403% return over the past year and currently trading near $107 per share, giving the company a market capitalization of approximately $94 billion.
The sales were executed in multiple trades with prices ranging from $100.38 to $102.83. These transactions were conducted by the Baiju Bhatt Living Trust under a pre-arranged Rule 10b5-1 trading plan adopted on August 12, 2024. The sales triggered an automatic conversion of 418,338 shares of Class B Common Stock into Class A Common Stock.
Following the sale, the Living Trust no longer holds any Class A Common Stock. Bhatt directly holds 10,518 shares of Class A Common Stock. The Living Trust continues to hold 52,787,741 shares of Class B Common Stock.
In other recent news, Block Inc. will be included in the S&P 500 index, replacing Hess Corp (NYSE:HES). This change will take effect before the market opens on July 23, 2025, following Chevron (NYSE:CVX)’s acquisition of Hess. Similarly, The Trade Desk (NASDAQ:TTD) is set to join the S&P 500 index, replacing ANSYS (NASDAQ:ANSS) Inc. after its acquisition by Synopsys Inc (NASDAQ:SNPS). This addition will occur on July 18, 2025, and is expected to influence buying activity as index funds adjust their holdings.
Robinhood Markets is currently under investigation by Florida authorities for allegedly misleading consumers about cryptocurrency trading costs. The probe, initiated by Florida Attorney General James Uthmeier, involves a subpoena for internal documents to determine if Robinhood violated state laws. In other developments related to Robinhood, its CEO Vlad Tenev’s AI startup, Harmonic (NASDAQ:HLIT), has secured $100 million in Series B funding to advance AI systems for solving mathematical problems. The funding round, led by Kleiner Perkins, values Harmonic at $875 million.
Additionally, Raymond (NSE:RYMD) James has reiterated its Market Perform rating on Robinhood, citing impressive account and deposit growth alongside increased trading volumes.
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