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Robinhood Markets (NASDAQ:HOOD), the $89.93 billion fintech company whose stock has surged over 414% in the past year, reported that Chief Legal Officer Daniel Martin Gallagher Jr. sold 25,000 shares of Class A Common Stock on September 3, 2025, for a total of $2.5 million.
The sale was executed at a price of $100.9152 per share. According to a footnote in the SEC filing, the transactions were executed in multiple trades during the day at prices ranging from $99.52 to $102.61. InvestingPro analysis indicates the stock is currently trading at a high P/E ratio of 49.8x and appears overvalued based on its Fair Value estimates.
Following the transaction, Gallagher directly owns 610,949 shares of Robinhood Markets , Inc. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024. According to InvestingPro, which offers 8 additional key insights about HOOD’s valuation and growth prospects, the stock’s price movements have been notably volatile.
In other recent news, Robinhood Markets reported significant financial achievements, including a 106% year-over-year growth in total platform assets, reaching $298 billion by the end of July 2025. The company also added approximately 160,000 new customers in July, totaling 26.7 million funded customers, with net deposits for the month amounting to $6.4 billion. Additionally, Robinhood has launched a new feature allowing users to trade on outcomes of professional and college football games through its Prediction Markets Hub.
Cantor Fitzgerald raised its price target for Robinhood to $128, highlighting a strong performance in July with equity volumes and option contracts exceeding expectations. Mizuho also increased its price target to $120, citing robust user growth as a key factor. Compass Point reiterated its Buy rating, emphasizing the effectiveness of Robinhood’s promotional strategies and their impact on deposit patterns. These developments indicate a period of growth and strategic expansion for Robinhood Markets.
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