S&P 500 climbs to record high as in-line inflation data point to Fed rate cut
Robinhood Markets (NASDAQ:HOOD) Chief Brokerage Officer Steven M. Quirk sold 60,113 shares of Class A Common Stock on September 3, 2025, for approximately $6.07 million. The sales were executed in multiple trades with prices ranging from $99.59 to $102.68. The transaction comes as Robinhood’s stock has surged over 171% year-to-date, with the company now commanding a market capitalization of nearly $90 billion. According to InvestingPro analysis, the stock is currently trading at elevated multiples.
Following the transaction, Quirk directly owns 94,454 shares of Robinhood Markets , Inc.
The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 12, 2024.
In other recent news, Robinhood Markets announced a significant 106% year-over-year growth in total platform assets, reaching $298 billion by the end of July 2025. The company also reported an increase in funded customers, adding approximately 160,000 new users in July, bringing the total to 26.7 million. Additionally, Robinhood’s net deposits for July were $6.4 billion, marking a 28% annualized growth rate from June. In response to these strong metrics, Cantor Fitzgerald raised its price target for Robinhood to $128, highlighting the company’s record-breaking equity volumes and option contracts in July. Mizuho also adjusted its price target to $120, citing strong user growth as a driving factor. Compass Point reiterated its Buy rating, emphasizing the effectiveness of Robinhood’s promotional strategies, which they believe reflect intentional marketing approaches. Furthermore, Robinhood has launched new football prediction markets, integrating pro and college football prediction contracts into its app. This new offering allows users to trade on the outcomes of professional and college football games, covering all regular season pro matchups and games for Power 4 schools and independents.
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