Robinhood Markets CTO sells shares price $250,555

Jeffrey Tsvi Pinner, the Chief Expertise Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), just lately executed a sale of firm inventory. In line with a submitting with the Securities and Trade Fee, Pinner offered 5,876 shares of Class A Widespread Inventory on January 6, 2025. The sale was performed at a median worth of $42.6405 per share, totaling roughly $250,555. The transaction comes as Robinhood, now valued at $36 billion, has seen its inventory surge over 228% up to now 12 months. InvestingPro evaluation signifies the inventory is presently buying and selling above its Truthful Worth.

The transaction was carried out beneath a Rule 10b5-1 buying and selling plan, which Pinner adopted on November 11, 2024. The shares have been offered in a number of trades all through the day, with costs starting from $41.92 to $43.12.

Following this transaction, Pinner’s direct possession of Robinhood shares stays at 5,876.

In different latest information, Robinhood has seen important developments. JPMorgan upgraded Robinhood’s inventory from Underweight to Impartial, acknowledging the corporate’s progress and diversified operations. Income progress and profitability have been robust, with earnings per share of $0.60 over the past twelve months. Robinhood has additionally launched new merchandise aimed toward attracting extra engaged customers. Regardless of these developments, questions stay in regards to the firm’s long-term profitability potential attributable to smaller common account sizes in comparison with its friends.

Goldman Sachs reaffirmed its Purchase score for Robinhood, projecting the corporate’s fourth-quarter buying and selling income to be 51% greater than consensus estimates. Piper Sandler additionally maintained an Chubby score, highlighting sturdy buying and selling volumes and powerful income progress over the past twelve months. Barclays (LON:BARC) upgraded Robinhood’s shares to Chubby, citing a constructive outlook on cryptocurrency and growth.

These are latest developments within the firm’s growth, together with a 36% year-over-year improve in Q3 2024 revenues to $637 million and the acquisition of TradePMR for $300 million. The corporate additionally expanded its cryptocurrency choices to twenty tokens and launched new buying and selling merchandise. Nevertheless, firms with important cryptocurrency publicity skilled a downturn attributable to a major pullback in Bitcoin‘s worth and the Federal Reserve’s indicators of rate of interest warning.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.