Robinhood director Baiju Bhatt sells $4.68 million in stock By Investing.com

Baiju Bhatt, a director and 10% owner of Robinhood Markets, Inc. (), sold 49,223 shares of the company’s Class A common stock on July 24, 2026. The total value of these sales amounted to approximately $4,680,522. The shares were sold at prices ranging from $93.17 to $99.92 per share. The sale comes as HOOD shares currently trade at $92.76, down roughly 10% over the past week. According to InvestingPro analysis, the stock appears overvalued at current levels, with shares trading at a P/E ratio of 44.61. For deeper insights, investors can access HOOD’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro.

These transactions were executed by the Baiju Bhatt Living Trust under a pre-arranged Rule 10b5-1 trading plan, which was adopted on November 13, 2025. The shares sold originated from Class B Common Stock held by the Living Trust, which automatically converted into Class A Common Stock upon the execution of the sales.

Following these reported transactions, the Baiju Bhatt Living Trust’s indirect beneficial ownership of Class A Common Stock from these specific sales is 0 shares. Mr. Bhatt also directly beneficially owns 3,703 shares of Class A Common Stock.

In other recent news, Robinhood Markets has garnered attention with several developments surrounding its stock. Truist Securities reiterated a Buy rating on Robinhood, maintaining a $130 price target, and highlighted the growth in the company’s prediction markets business. This expansion, particularly in sports-related markets, is seen as a positive indicator for the company. Meanwhile, KeyBanc increased its price target for Robinhood to $125 from $100, citing healthy fundamentals and aligning its model with Street expectations despite a flat outlook for crypto trading volume in the latter half of 2026. Similarly, Needham raised its price target to $123 from $97, noting strong metrics across various trading categories, including equities and options, though it observed a slowdown in crypto volume gains from June to July.

These analyst actions come ahead of Robinhood’s upcoming earnings report, which is expected to potentially impact the stock significantly, as indicated by options data suggesting a possible 9.2% movement. Jefferies, while not directly related to Robinhood, provided insights into the broader market trend of tokenization moving from trial to early adoption in Europe, emphasizing the strategic implications for market infrastructure. These recent developments reflect a period of active evaluation and adjustment by analysts regarding Robinhood’s market position and future potential.

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