Robinhood (HOOD) Stock Falls 20% From Highs as Director Cashes Out $5.6 Million

TLDR

• Robinhood director Jonathan Rubinstein sold 42,430 shares worth $5.6 million on November 11, 2025, through transactions ranging from $131.76 to $134.37 per share.
• The sales were executed under a Rule 10b5-1 trading plan established by The Jonathan J. Rubinstein Trust in August 2025.
• Robinhood stock has surged 316% over the past year, currently trading at $120.92 near its 52-week high of $153.86.
• The company reported record Q3 2025 results with 100% year-over-year revenue growth, beating analyst expectations with $1.27 billion in revenue and $0.61 EPS.
• Multiple analyst firms raised price targets, ranging from $135 to $180, following the strong earnings report and success of new features like Prediction Markets.

Robinhood Markets director Jonathan Rubinstein sold $5.6 million worth of company stock on November 11, 2025. The transaction involved 42,430 shares of Class A Common Stock through The Jonathan J. Rubinstein Trust.

The sales occurred across four separate transactions. The first sale moved 23,796 shares at an average price of $131.76. The second transaction covered 12,834 shares at $132.56 per share.

Robinhood Markets, Inc., HOOD

The third sale involved 4,900 shares at $133.52. The final transaction sold 900 shares at $134.37 per share. All sales were executed under a Rule 10b5-1 trading plan that the trust adopted on August 4, 2025.

After completing these sales, the trust maintains ownership of 146,678 Robinhood shares. The stock has experienced a massive 316% return over the past year. Shares currently trade at $120.92, close to the 52-week high of $153.86.

The timing of the sale comes after Robinhood reported record third quarter results for 2025. The company posted revenue of $1.27 billion, beating analyst estimates. Earnings per share reached $0.61, exceeding expectations.

Strong Quarterly Performance Drives Analyst Optimism

Revenue grew 100% year-over-year in the third quarter. This growth came from strength across all business segments. The results exceeded Bernstein’s estimates by 3% and consensus expectations by 5%.

The company’s Prediction Markets feature has become a revenue driver. The new offering has generated over $100 million in annualized revenue. The cryptocurrency exchange also contributed to the strong performance.

Multiple analyst firms responded to the earnings by raising their price targets. Cantor Fitzgerald increased its target to $155 while maintaining an Overweight rating. Bernstein SocGen Group set a $160 target with an Outperform rating.

Keefe, Bruyette & Woods raised their target to $135. The firm noted that earnings surpassed their estimates by $0.06 per share. Mizuho went higher, setting a $172 price target based on the company’s strong growth trajectory.

Leadership Changes and Market Position

Citizens maintained the highest price target at $180 with a Market Outperform rating. The firm expressed confidence in the transition to new CFO Mr. Verma. Jason Warnick, the previous CFO, had been with the company during its growth phase.

The stock now trades in a range between $29.66 on the low end and $153.86 on the high end over the past 52 weeks. The current price of $120.92 puts shares near the upper end of this range.

Rubinstein’s trust still holds a substantial position in the company after the $5.6 million sale. The director’s remaining 146,678 shares represent continued exposure to the stock’s performance.

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