Robinhood’s Steven Quirk, chief brokerage officer, sells $2.9m stock

Steven M. Quirk, Chief Brokerage Officer at Robinhood Markets, Inc. (NASDAQ:HOOD), sold 24,416 shares of Class A Common Stock on September 3, 2026. The transactions totaled approximately $2,937,889, with shares sold at prices ranging from $113.24 to $124.78 per share.

These sales were executed pursuant to a Rule 10b5-1 trading plan, which Mr. Quirk adopted on November 19, 2025. Following these transactions, Mr. Quirk directly holds 77,839 shares of Robinhood Markets Class A Common Stock.The insider sale comes as Robinhood shares trade at $122.11, up 17% over the past week and 48% over the last six months. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, with the company trading at a P/E ratio of 54.37. For deeper insights into HOOD’s valuation and 14 additional ProTips, visit InvestingPro.

In other recent news, Robinhood Markets has been the focus of several analyst updates and stock performance observations. Morgan Stanley upgraded Robinhood’s stock rating to Overweight from Equalweight, citing improvements in the company’s product offerings and customer economics. The firm also increased its price target to $150, reflecting confidence in Robinhood’s ability to capture more value per customer. Similarly, Piper Sandler raised its price target for Robinhood to $145, highlighting potential revenue growth from prediction markets as major sports seasons approach.

Scotiabank initiated coverage of Robinhood with a Sector Outperform rating, emphasizing the company’s diversified revenue streams, including transaction revenue, net interest, and international crypto infrastructure. Additionally, Robinhood’s stock saw a notable rise of over 7% as cryptocurrency stocks surged, driven by Bitcoin’s significant climb to nearly $80,000. These developments indicate a period of active interest and analysis around Robinhood Markets, as various firms express optimism about its future prospects.