Robinhood CEO Vladimir Tenev sells $25.39 million in inventory

Vladimir Tenev, the Chief Govt Officer of Robinhood Markets , Inc. (NASDAQ:HOOD), not too long ago executed a big inventory transaction amid the corporate’s outstanding 135% surge over the previous six months. In line with a current SEC submitting, Tenev offered 500,000 shares of Robinhood’s Class A Frequent Inventory on January 22, 2025. The shares had been offered at a weighted-average value of $50.7746, amounting to a complete transaction worth of roughly $25.39 million. In line with InvestingPro, the inventory is at the moment buying and selling close to its 52-week excessive of $51.09, with a market capitalization of $45.24 billion.

The transaction was a part of a pre-established buying and selling plan underneath Rule 10b5-1, which Tenev adopted on August 19, 2024. This sale resulted within the computerized conversion of Class B Frequent Inventory to Class A Frequent Inventory upon execution. Following this transaction, Tenev holds 6,907 shares not directly by a dwelling belief.

This transfer comes as a part of Tenev’s ongoing monetary methods whereas sustaining his management position on the firm.

In different current information, Robinhood Markets has been the main target of constructive consideration from monetary analysts. The corporate was added to Morgan Stanley (NYSE:MS)’s Financials‘ Most interesting checklist, with the agency sustaining an Chubby ranking and a value goal of $55.00. Bernstein SocGen additionally named Robinhood a ‘Greatest Thought for 2025’, reiterating an Outperform ranking and a value goal of $51.00. Each companies highlighted Robinhood’s potential for development and profitability.

Robinhood not too long ago settled regulatory points courting again to 2018 with the SEC for $45 million, a transfer that has been absolutely accounted for within the earlier yr’s accruals. This settlement has been seen as a decision of previous regulatory challenges, probably setting the stage for future development.

JPMorgan upgraded Robinhood’s inventory from Underweight to Impartial, acknowledging the corporate’s profitable diversification of operations and powerful monetary efficiency. Robinhood’s income grew by 35.7% with earnings per share of $0.60 over the previous yr.

The corporate has additionally launched new merchandise geared toward attracting extra engaged and lively customers. Regardless of this, questions on its long-term profitability potential stay on account of its smaller common account measurement in comparison with its friends. These are the current developments for Robinhood, which has been increasing its cryptocurrency choices and launching new buying and selling merchandise.

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