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MENLO PARK, CA—Jeffrey Pinner, the Chief Technology Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), recently sold a significant portion of his Class A Common Stock holdings in the company. The sale comes as Robinhood, now valued at $45.1 billion, has seen its stock surge over 140% in the past six months. According to a filing with the Securities and Exchange Commission, Pinner sold 5,876 shares on January 27, 2025, resulting in a total transaction value of approximately $280,963.
The shares were sold at a weighted-average price of $47.8154, with the trades executed throughout the day at prices ranging from $46.79 to $50.05. This transaction was conducted under a Rule 10b5-1 trading plan that Pinner adopted on November 11, 2024.
Following this sale, Pinner no longer holds any shares of Class A Common Stock directly.
In other recent news, Robinhood, the popular trading platform, is expanding its services to include futures trading for commodities and financial instruments such as bitcoin, oil, and gold. This is part of a broader strategy to diversify its cryptocurrency-related offerings. However, the company has faced regulatory challenges, notably from the U.S. Securities and Exchange Commission (SEC), causing it to cease support for certain tokens.
In addition, Robinhood has garnered positive attention from Wall Street, with Morgan Stanley (NYSE:MS) adding the stock to its Financials’ Finest list and Bernstein SocGen naming it a ’Best Idea for 2025.’ Both firms highlighted Robinhood’s sustainable business model and potential for growth, with Morgan Stanley projecting a 40% upside in the stock’s value.
Robinhood also recently agreed to pay a $45 million settlement to the SEC to resolve charges of multiple regulatory violations in its brokerage operations. Despite these challenges, analysts remain optimistic about Robinhood’s prospects, with Bernstein analysts maintaining an Outperform rating and viewing the stock as the "Best Idea for 2025" within its Global Digital Assets coverage. These are among the recent developments for Robinhood, which continues to expand its offerings and innovate in the trading and investment space.
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