Gold prices touch four-month high amid Fed easing hopes, softer U.S. dollar
Jeffrey Tsvi Pinner, the Chief Technology Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), has recently sold a portion of his holdings in the company. According to a recent SEC filing, Pinner sold 5,853 shares of Robinhood’s Class A Common Stock on March 20, 2025. The shares were sold at an average price of $43.361, totaling approximately $253,791. The transaction was executed as part of a pre-arranged Rule 10b5-1 trading plan. The sale comes amid Robinhood’s strong market performance, with the stock up 142% over the past year and currently trading at $48.35.
Following the sale, Pinner retains ownership of 11,706 shares of Robinhood’s Class A Common Stock. In addition to the sale, the filing also notes that Pinner acquired 98,983 Restricted Stock Units (RSUs) on the same date. These RSUs will convert to Class A Common Stock upon vesting, with the first vesting date scheduled for June 1, 2025, and subsequent vesting in quarterly installments. According to InvestingPro, Robinhood maintains a "GOOD" overall financial health score, with the company’s market capitalization now reaching $42.9 billion.
This activity is part of Pinner’s ongoing management of his equity position in the company, reflecting both a sale of existing shares and an acquisition of new RSUs under Robinhood’s 2021 Omnibus Incentive Plan.
In other recent news, Robinhood is under investigation by Massachusetts’ top securities regulator over its new prediction-markets hub, which allows users to bet on event outcomes. This development has led to a subpoena demanding details about Massachusetts users trading contracts related to college sports events. Meanwhile, Robinhood’s stock received positive attention from several analyst firms. KeyBanc Capital Markets maintained an Overweight rating with a $75 price target, citing confidence in Robinhood’s financial model and new product offerings. Compass Point initiated coverage with a Buy rating and a $61 price target, highlighting potential revenue growth from cryptocurrency users. Mizuho (NYSE:MFG) Securities also kept an Outperform rating with an $80 price target, noting the strategic introduction of prediction markets within Robinhood’s app. Additionally, Robinhood plans to integrate Bitstamp crypto exchange services by 2025, aiming to expand its offerings in the crypto market. These developments reflect a period of strategic expansion and regulatory scrutiny for Robinhood.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.