Robinhood’s chief legal officer Gallagher sells $2.6m in stock

Published 06/08/2025, 21:56
Robinhood’s chief legal officer Gallagher sells $2.6m in stock

Robinhood Markets (NASDAQ:HOOD) Chief Legal Officer Daniel Martin Gallagher Jr. sold 25,000 shares of Class A Common Stock on August 4, 2025. The shares were sold at a weighted average price of $104.2339, for a total value of $2,605,847. Prices ranged from $97.41 to $106.62. The sale comes amid HOOD’s remarkable 512% surge over the past year, with the stock currently trading near its 52-week high of $113.44. According to InvestingPro analysis, the stock appears overvalued at its current market capitalization of $93.67 billion.

Following the transaction, Gallagher directly owns 566,887 shares of Robinhood Markets, Inc.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024.

In other recent news, Robinhood Markets reported robust financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $0.42, significantly higher than the forecasted $0.30, and generated revenue of $989 million, exceeding the anticipated $908.32 million. Following these results, Cantor Fitzgerald raised its price target for Robinhood to $118, citing the company’s strong second-quarter performance and noting that net deposits in July exceeded $6 billion. Similarly, Citizens JMP increased its price target to $130, highlighting Robinhood’s impressive earnings report, which featured an adjusted EBITDA of $549 million, an 82% year-over-year increase.

Furthermore, Mizuho (NYSE:MFG) raised its price target to $120, acknowledging Robinhood’s accelerating growth in funded accounts, which increased by 750,000 quarter-over-quarter. Compass Point reiterated a Buy rating with a $105 price target, emphasizing the effectiveness of Robinhood’s promotional strategy in managing monthly deposit volatility. These developments reflect a positive outlook from various analyst firms, driven by Robinhood’s strong financial performance and strategic initiatives.

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

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