MENLO PARK, Calif.—Baiju Bhatt, a director at Robinhood Markets , Inc. (NASDAQ:HOOD), sold a significant portion of his holdings in the company, according to a recent SEC filing. On February 13, Bhatt disposed of a total of 522,180 shares of Class A Common Stock, realizing approximately $32.7 million. The shares were sold at prices ranging from $62.00 to $62.8672. The sale comes as Robinhood’s stock has surged over 330% in the past year, with the company now commanding a market capitalization of $53.4 billion. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions.
The transactions were conducted under a Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust in August 2024. Following these sales, Bhatt’s trust no longer holds any Class A Common Stock, although he retains ownership in other forms.
This activity highlights Bhatt’s ongoing involvement with Robinhood, a company he co-founded, as it continues to navigate the complexities of the financial services industry.
In other recent news, Robinhood Markets has been the focus of several analyst adjustments and projections. Piper Sandler maintained its Overweight rating on Robinhood, emphasizing the potential earnings growth from the company’s expansive product roadmap. The firm projects that new product launches could significantly boost earnings estimates for the upcoming years, seeing Robinhood achieving approximately $3.60 in earnings per share by 2030.
Simultaneously, Keefe, Bruyette & Woods increased Robinhood’s price target to $60, maintaining a Market Perform rating. This adjustment follows Robinhood’s recent earnings report, which surpassed expectations. The firm’s analyst, Kyle Voigt, attributed this to strong transaction revenues and growth in client balances.
In other developments, Bernstein analysts highlighted the ongoing Bitcoin bull market, which they believe could impact companies like Robinhood that offer cryptocurrency trading. The analysts pointed to positive catalysts such as the successful launch of a Bitcoin ETF and the Trump administration’s commitment to establish the U.S. as the "crypto capital of the world."
Meanwhile, Needham analysts raised their price target for Robinhood to $70, following the company’s impressive fourth-quarter performance in 2024. The firm revised its revenue forecast for the fiscal year 2025 to $3.8 billion, up from $3.5 billion, based on Robinhood’s sustained business expansion. The analysts also anticipate a significant uptick in cryptocurrency trading volumes in the second half of 2025, partly due to Robinhood’s recent acquisition of Bitstamp.
Lastly, Piper Sandler increased the price target for Robinhood to $75, following the company’s announcement of an earnings per share (EPS) of $1.01, surpassing both Piper Sandler’s estimate and the consensus estimate. The firm expressed confidence in Robinhood’s potential for growth and success in various aspects of its business.
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