Robinhood Markets (HOOD) Director Bhatt Sells $5.2M of Stock

Robinhood Markets, Inc. director Baiju Bhatt sold 50,912 shares of the company on October 21, 2026, for a total value of about $5.16 million. According to a Form 4 filed with the Securities and Exchange Commission, the sale was carried out at a price of $101.40 per share under a pre-arranged trading plan. The stock closed at $101.93 on the day of the transaction. Following this planned trade, Bhatt holds zero shares, cutting his direct stake by 100%.

HOOD Robinhood Markets, Inc.

$95.07 ▼ -17.48% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Inside Baiju Bhatt's HOOD Trade

The transaction removed Bhatt's remaining direct shareholding in the platform. Pre-arranged trading plans let insiders buy or sell stock at set times to avoid any hint of trading on inside knowledge.

Other Institutional Activity in Robinhood Markets

Other large investment managers recently adjusted their positions in the financial services firm. Wealthfront Advisers grew its holdings by 187,708 shares, ending with 345,798 shares worth about $37.4 million after an increase of 118.7%. Newlands Management Operations LLC kept its stake steady at 24,158,860 shares valued at about $2.30 billion. Meanwhile, Index Venture Associates VI Ltd reduced its stake by 1,446,790 shares, or 12.5%, leaving it with 10,127,528 shares worth about $962.8 million.

Robinhood Markets, Inc. Stock Down 6.7%

HOOD shares recently traded around $95.07 as of October 23, 2026, sitting 6.7% below their closing price on the day of the director's sale. The stock trades above its 200-day moving average of $93.36 but remains well below its 52-week high of $150.47.

Recent Earnings

Robinhood reported $4.93 billion in trailing twelve-month revenue along with earnings of $2.27 per share. The company posted a net profit margin of 42.0% and a return on equity of 23.6%. Its next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Robinhood Markets, Inc.

Insider transactions at Robinhood over recent months included multiple sales by Chief Executive Officer Vladimir Tenev, who sold 259,166 shares on September 21, 240,834 shares on September 22, and 375,000 shares on October 5. Officer Daniel Martin Gallagher Jr also sold 10,000 shares on October 5.

Analysts Set New Price Targets

Analysts covering Robinhood recently updated their views ahead of the upcoming earnings release. On October 13, Truist Securities maintained its Buy rating while raising its price target to $134. Wells Fargo kept an Equal-Weight rating on October 14 with a target of $120. JP Morgan maintained a Neutral rating on October 20 with a target of $115. On October 21, Rosenblatt initiated coverage with a Buy rating and a $135 target, while Needham kept a Buy rating and lifted its target to $126. These updates follow Morgan Stanley's prior note reiterating an Overweight rating with a $160 target on October 9.

About Robinhood Markets

Robinhood operates an online financial platform that lets everyday users trade stocks, exchange-traded funds, and other financial instruments. The Menlo Park-based company focuses on zero-commission trading and fractional shares to draw retail investors into its financial ecosystem.

Bottom Line

Investors are watching for Robinhood's upcoming earnings release on October 27, 2026, for fresh details on revenue growth and user activity. Insider sales and institutional adjustments will remain key focal points as the stock moves through the final quarter of the year.