The insider sales are routine and immaterial relative to market cap. Monitor for any upcoming earnings or corporate events that might trigger more significant insider activity, but no immediate trading action is warranted based on this cluster alone.
Price Chart
Executive Summary
A cluster of insider sales at Robinhood Markets (HOOD) totaling $2.42M over a 7-day window, led by Chief Brokerage Officer Steven Quirk ($1.58M) and Director Baiju Bhatt ($5.0M across multiple transactions including derivative conversions). The sales represent ~0.002% of the $101.2B market cap, well below the 0.1% threshold for materiality, and are likely driven by routine portfolio diversification and tax planning rather than a bearish signal. The cluster is mixed with non-cash derivative conversions, and the historical win rate for HOOD directional calls is poor (33% at T+20), warranting a neutral stance.
Key Financial Metrics
Key Facts
- Total insider sales of $2.42M across 4 insiders in a 7-day window
- Sales represent ~0.002% of $101.2B market cap — trivial proportion
- Chief Brokerage Officer Quirk sold $1.58M; Director Bhatt sold $5.0M including derivative conversions
- Non-cash derivative conversions (43,373 shares at $0 each) by Bhatt indicate option exercise, not bearish signal
- Historical HOOD insider cluster calls have 33% win rate at T+20, suggesting limited predictive value
Financial Impact
Total insider sales of $2.42M, or 0.002% of market cap — immaterial
Risk Factors
- Insider sales could increase if stock continues to rally, but current volume is trivial
- Historical HOOD insider cluster calls have been unreliable (33% win rate at T+20)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HOOD-1789419727363 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 17d ago | Insider Cluster | $110.45 $124.25 | ▲ +12.49% | ▲ +10.37% | $115.85 (+4.88%) |
Sep 10, 2026 21d ago | Insider Cluster | $112.57 $119.82 | ▲ +6.44% | ▲ +6.66% | $115.85 (+2.91%) |
Sep 10, 2026 21d ago | Press Release | $112.57 $119.82 | ▼ −6.44% | ▼ −6.66% | $115.85 (−2.91%) |
Sep 4, 2026 28d ago | Insider Cluster | $122.11 $114.33 | ▼ −6.37% | ▼ −5.16% | $115.85 (−5.13%) |
Aug 19, 2026 6w ago | Insider Cluster | $95.77 $108.54 | ▲ +13.33% | ▲ +13.72% | $115.85 (+20.96%) |
Aug 13, 2026 7w ago | Press Release | $99.37 $95.10 | ▼ −4.30% | ▼ −2.33% | $115.85 (+16.58%) |
Aug 3, 2026 8w ago | Press Release | $90.34 $94.52 | ▲ +4.63% | ▲ +2.60% | $115.85 (+28.23%) |
Jul 19, 2026 10w ago | Court Ruling | $99.28 $94.91 | ▼ −4.40% | ▼ −3.98% | $115.85 (+16.69%) |
Jul 8, 2026 12w ago | Insider Cluster | $113.53 $113.45 | ▲ +0.07% | ▲ +0.93% | $115.85 (−2.04%) |
Jul 7, 2026 12w ago | Insider Cluster | $113.53 $113.45 | ▼ −0.07% | ▼ −0.93% | $115.85 (+2.04%) |
US Market Status
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