How are energy investors positioned?
Robinhood Markets (NASDAQ:HOOD) Chief Executive Officer Vladimir Tenev sold 385,485 shares of Class A Common Stock on July 16, 2025, at a price of $101.896, totaling approximately $39.3 million. The sale comes as HOOD shares trade near their 52-week high of $113.44, having delivered an impressive 380% return over the past year. Prices for the sale ranged from $101.52 to $102.23.
The transaction was executed automatically as part of a pre-arranged Rule 10b5-1 trading plan adopted by Tenev on August 19, 2024. The execution of the sale resulted in an automatic conversion of 385,485 shares of Class B Common Stock into Class A Common Stock. Tenev directly holds 46,867,360 shares of Class B Common Stock following the transaction. According to InvestingPro analysis, Robinhood currently trades at elevated multiples with a P/E ratio of 60.5, suggesting the stock may be overvalued relative to its Fair Value. Discover 13 additional key insights about HOOD and access comprehensive valuation metrics with InvestingPro.
In other recent news, Block Inc. has been announced as a new addition to the S&P 500 index, replacing Hess Corp (NYSE:HES) following its acquisition by Chevron Corp. (NYSE:CVX) This inclusion is set to occur before trading begins on July 23, 2025, marking a significant development for Block. Meanwhile, The Trade Desk (NASDAQ:TTD) will join the S&P 500 index on July 18, 2025, replacing ANSYS (NASDAQ:ANSS) Inc., which is being acquired by Synopsys Inc (NASDAQ:SNPS). Both inclusions are expected to increase visibility and liquidity for these companies. Additionally, Robinhood Markets is under investigation by Florida authorities over claims of deceptive practices in its cryptocurrency operations. The probe seeks to determine if Robinhood misled consumers about trading costs. In another development, Harmonic (NASDAQ:HLIT) AI, co-founded by Robinhood CEO Vlad Tenev, has raised $100 million in Series B funding to advance its AI systems for solving complex mathematical problems. Lastly, Raymond (NSE:RYMD) James has reiterated its Market Perform rating on Robinhood, citing impressive account growth but expressing concerns about the stock’s current valuation.
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