TLDR
- Robinhood (HOOD) stock fell 3% on Friday, a day after closing at $103.99.
- CEO Vlad Tenev sold about $42.6 million of stock on Oct. 5 under a prearranged plan.
- A viral post claimed he now owns zero, but he still holds a stake worth about $4.9 billion.
- Zacks rates the stock Rank #1 (Strong Buy), though it gets an F grade for value.
- Analysts expect next year’s earnings to rise about 38% to $2.97 a share.
Robinhood (HOOD) stock fell 3% on Friday, a day after closing at $103.99. The move came as attention grew around a recent stock sale by CEO Vlad Tenev.
Tenev sold about $42.6 million of stock on Oct. 5. A viral social media post then claimed he sold his stake and now owns zero.
What the Filing Shows
That claim does not match the SEC filing. It shows a 375,000-share block sold at prices from $112.62 to $115.48.
Tenev did not start with Class A stock. He sold Class B stock, which converts to Class A the moment it is sold.
The sale came under a trading plan set up in September 2025. The plan lets him sell up to 2.5 million Class A units before it ends on Nov. 20.
Tenev still holds 47.4 million Class B units plus 6,907 Class A units through a living trust. Thursday’s close put that stake at about $4.9 billion.
This was not his first sale of the year. He did the same thing on five other occasions under the same plan.
Robinhood is tied closely to crypto sentiment. The stock may not move in lockstep with Bitcoin, but it tracks trading volumes and mood.
Tenev’s latest sale lined up with a Bitcoin rally earlier this month. Bitcoin pushed past $86,000 before stalling.
Crypto has since come under pressure from rising oil prices, higher Treasury yields and a stronger U.S. dollar. That is quite a mix for one week.
Analyst Estimates and Valuation
Zacks data shows the stock has returned -5.3% over the past month. The S&P 500 composite gained 1.4% in that time.
The industry group lost 8.2% over the same stretch. Zacks rates Robinhood a Rank #1 (Strong Buy).
Analysts expect earnings of $0.55 a share for the current quarter, down 9.8% from a year ago. Revenue is seen at $1.42 billion, up 11.4%.
For the full year, the consensus is $2.15 a share, up 4.9%. Next year’s estimate is $2.97, a 37.8% jump.
Last quarter, Robinhood reported revenue of $1.31 billion, up 32.3%. Earnings of $0.62 a share beat the estimate by about 41%.
Zacks gives the stock an F grade on value, meaning it trades at a premium to peers. It topped earnings estimates three times in the past four quarters.
Robinhood stock was down 3% on Friday after Thursday’s $103.99 close. Tenev’s trading plan runs until Nov. 20.
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