Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
Steven M. Quirk, Chief Brokerage Officer at Robinhood Markets , Inc. (NASDAQ:HOOD), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Quirk disposed of 104,887 shares of Class A Common Stock on June 3, 2025. The shares were sold at an average price of $70.14, totaling approximately $7.36 million. The transaction comes as Robinhood’s stock trades near its 52-week high of $76.75, with the company’s market capitalization reaching $64 billion.
This transaction was carried out under a Rule 10b5-1 trading plan, which Quirk had adopted on November 12, 2024. Following this sale, Quirk retains 228,621 shares in the company. The sale was executed in multiple trades throughout the day, with prices ranging from $69.43 to $72.70. According to InvestingPro data, Robinhood’s stock has delivered impressive returns, gaining over 230% in the past year, though current analysis suggests the stock is trading above its Fair Value.
The move comes as Robinhood continues to navigate the volatile financial markets, with investors closely monitoring insider transactions for insights into the company’s future prospects. The company maintains strong fundamentals with a 91% gross profit margin and is expected to remain profitable this year. For deeper insights into Robinhood’s valuation and 15 additional ProTips, check out the comprehensive analysis available on InvestingPro.
In other recent news, Robinhood Markets has completed its acquisition of European crypto exchange Bitstamp for $200 million in cash, marking its first foray into institutional crypto clients. This acquisition is expected to enhance Robinhood’s presence in the European cryptocurrency market, with Bitstamp reporting updated annual revenue of $95 million. Piper Sandler analysts reiterated their Overweight rating for Robinhood, maintaining a $70 price target, citing the acquisition as a strengthening factor in Robinhood’s competitive position. Additionally, Needham analysts raised their price target for Robinhood to $71, maintaining a Buy rating, emphasizing the company’s strategic expansion in the cryptocurrency sector. Robinhood’s expansion of its desktop platform to the UK aims to provide retail investors with advanced trading tools, further broadening its international reach. The company’s recent moves are part of a broader strategy to expand its product offerings and customer base in Europe and Canada. Meanwhile, the cryptocurrency sector experienced a downturn following Moody’s downgrade of the U.S. credit rating, affecting stocks including Robinhood. Despite this, analysts remain optimistic about Robinhood’s potential for growth, particularly in the cryptocurrency market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.