Robinhood’s chief legal officer sells $1.23 million in stock

Daniel Martin Gallagher Jr., the Chief Legal Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), has sold 25,000 shares of Class A Common Stock. The transaction, executed on March 3, 2025, was carried out under a Rule 10b5-1 trading plan, which Gallagher adopted on August 9, 2024. The sale comes as Robinhood, now valued at $42.4 billion, has seen its stock surge 144.64% over the past six months and 29.15% year-to-date, according to InvestingPro data. The shares were sold at a weighted-average price of $49.0186, with prices ranging from $46.71 to $54.70, resulting in a total transaction value of approximately $1.23 million. Following this sale, Gallagher holds 822,893 shares directly. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with high price volatility being a key characteristic. Investors can access 8 additional ProTips and comprehensive valuation metrics through InvestingPro’s detailed research report.

In other recent news, Robinhood Markets has reported a record-breaking quarter for its cryptocurrency revenue, which soared to $360 million in the fourth quarter, nearly five times the previous quarter’s $61 million. This significant increase now represents almost 40% of Robinhood’s total quarterly revenue, highlighting the company’s expanded cryptocurrency offerings. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Robinhood Crypto without taking any enforcement action, a decision welcomed by Robinhood’s legal team. Analysts from BofA Securities have maintained a Buy rating on Robinhood, citing the platform’s increasing retail engagement and growth potential in the self-directed retail and cryptocurrency sectors. Bernstein analysts also kept their Outperform rating, noting Robinhood’s significant growth in cryptocurrency revenues and diverse revenue streams. Additionally, Piper Sandler reaffirmed their Overweight rating, projecting that new product launches could significantly boost Robinhood’s earnings estimates in the coming years. These developments reflect a positive outlook from several analyst firms regarding Robinhood’s future performance and growth potential.

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