Robinhood’s Bhatt sells $55.7 million in shares

Director Baiju Bhatt of Robinhood Markets Inc (NASDAQ:HOOD), currently valued at $119.5 billion, sold a total of 418,338 shares of Class A Common Stock on October 21, 2025. The sales, executed under a prearranged trading plan, resulted in proceeds of approximately $55.7 million. The transaction comes amid HOOD’s impressive 248% gain year-to-date, according to InvestingPro data.

The transactions involved multiple sales at varying prices. Specifically, 127,568 shares were sold at a weighted average price of $131.9634, in a range of $131.38 to $132.37. Another 120,295 shares were sold at an average price of $132.8964, with prices ranging from $132.38 to $133.37. Additionally, 130,819 shares were sold at an average of $133.9842, in a price range between $133.38 and $134.37. The remaining 39,656 shares were sold at an average price of $134.5243, with prices ranging from $134.38 to $135.03. InvestingPro analysis shows the stock’s notably volatile price movements, with investors anticipating the company’s next earnings report on November 5, 2025.

The sales were conducted by the Baiju Bhatt Living Trust, and the shares are indirectly owned. On the same day, 418,338 shares of Class B Common Stock were converted to Class A Common Stock. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis in our Pro Research Report for HOOD.

In other recent news, Robinhood Markets has been actively exploring potential acquisitions in the prediction markets sector, according to a company executive. The firm is balancing this interest with its internal capabilities, as it looks to expand its offerings. In terms of financial performance, Citizens has raised its price target for Robinhood to $170, citing a potential upside in third-quarter earnings, with projections of earnings per share at $0.62 compared to the consensus estimate of $0.49. Meanwhile, Rothschild Redburn has maintained a Sell rating on Robinhood, setting a price target of $68.

Additionally, Robinhood has reported strong trading metrics, with approximately 187 million option contracts traded in September, indicating the growing popularity of its platform. The company is also considering expanding its prediction markets product internationally, engaging in discussions with regulators such as the UK’s Financial Conduct Authority. In partnership news, Robinhood has supported CleanCore Solutions in accumulating over 710 million Dogecoin tokens, contributing to its treasury. These developments reflect Robinhood’s strategic moves in both expanding its market presence and enhancing its financial performance.

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