10 Stocks With At Least $20 Million In Insider Sales Recently

1. Robinhood Markets, Inc. (NASDAQ:HOOD)

Highest Individual Sale: $29,372,100.00

Number of Sales Above $20 million: 2

Market Capitalization: $39.7 billion

First among the 10 stocks with a minimum of $20 million in insider sales since the beginning of the year is a software company with the most popular retail stock trading platform in the U.S., Robinhood Markets. Its platform allows users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies.

On January 2, Robinhood’s CEO, Vladimir Tenev, sold $29.37 million worth of the company shares at a price of $39.16 per share. Year-to-date, the stock gained 16.51% and is now trading at $43.42 per share. Over the past 12 months, Robinhood returned 163.81% to its investors.

Jim Cramer recently praised the stock saying, “They’ve developed a lot of products to be able to capture the eighty four to eighty six billion dollars that’s being transferred from Baby Boomers to the different other generations. They have been able to get clients, like the GameStop clients, and then, actually take them for many years and then move them up. They have fantastic 3% IRA match if you there. I was very impressed. And they’re engineers. And their site is so exciting not in the way it used to be with the balloons, but in terms of like if you want to understand futures, you want to trade on their site.”

For the full 2024, the company reported revenue of $2.95 billion, up by 58% year-over-year. Net income improved by $1.95 billion from 2023, reaching $1.41 billion, or diluted EPS of $1.56, compared to a net loss of $540 million, or diluted EPS of $0.6 in 2023. Adjusted EBITDA increased 167% year-over-year to $1.43 billion.

Seventeen analysts have an average “Moderate Buy” rating on Robinhood stock with the average price target of $60.13, according to MarketBeat.

Overall, HOOD ranks first among the 10 stocks with at least $20 million in insider sales recently. While we acknowledge the potential of HOOD, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HOOD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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