TLDR
- Director Jonathan Rubinstein sold 42,430 Robinhood shares for $5.6 million on November 11, 2025, with prices between $131.76 and $134.37.
- The transactions followed a pre-established Rule 10b5-1 trading plan from August 2025.
- Robinhood delivered record Q3 results with $1.27 billion revenue and $0.61 EPS, both exceeding analyst forecasts.
- The stock has climbed 316% in the past year, trading at $120.92 near its 52-week peak.
- Analysts from multiple firms raised price targets ranging from $135 to $180 following the earnings beat.
Robinhood Markets saw director Jonathan Rubinstein sell $5.6 million in company shares on November 11. The sale involved 42,430 shares of Class A Common Stock executed through The Jonathan J. Rubinstein Trust.
The director completed four separate transactions that day. The largest sale moved 23,796 shares at $131.76 per share. A second transaction sold 12,834 shares at $132.56 each.
Two smaller sales followed. One involved 4,900 shares at $133.52, while the final transaction sold 900 shares at $134.37. The sales operated under a Rule 10b5-1 trading plan established on August 4, 2025.
The trust retains 146,678 Robinhood shares after the sale. This represents continued meaningful exposure to the stock’s performance.
Stock Surges 316% Over Past Year
Robinhood shares have experienced explosive growth over the past 12 months. The stock returned 316% to investors during this period. Current trading at $120.92 puts shares near their 52-week high of $153.86.
The company’s third quarter results drove much of the recent momentum. Robinhood posted revenue of $1.27 billion, crushing analyst expectations. Earnings per share hit $0.61, also beating forecasts.
Revenue jumped 100% compared to the same quarter last year. This growth came from strength across every business segment. The results exceeded Bernstein’s projections by 3% and market consensus by 5%.
New Features Drive Revenue Growth
The Prediction Markets feature has emerged as a major revenue contributor. This offering has already generated over $100 million in annualized revenue. The cryptocurrency exchange also delivered strong results during the quarter.
Analysts responded enthusiastically to the earnings report. Cantor Fitzgerald raised its price target to $155 with an Overweight rating. Bernstein SocGen Group set a $160 target while maintaining an Outperform rating.
Keefe, Bruyette & Woods increased their target to $135. They noted earnings exceeded their estimates by $0.06 per share. Mizuho pushed even higher with a $172 price target.
Citizens JMP maintained the most bullish view with a $180 target. The firm expressed confidence in new CFO Mr. Verma taking over leadership. Former CFO Jason Warnick had been instrumental during the company’s growth phase.
Trading Near Peak Levels
CNBC’s Jim Cramer has praised Robinhood as the platform for younger investors. He views the brokerage as critical for generational wealth transfer. Cramer expressed some concern about the CFO transition but acknowledged the exceptional quarterly performance.
The stock’s 52-week range spans from $29.66 to $153.86. Current prices near the upper end of this range reflect investor optimism about the company’s trajectory.
Rubinstein’s sale represents a partial position reduction rather than a complete exit. The trust’s remaining 146,678 shares keep the director aligned with shareholder interests.
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