Robinhood Markets (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 10,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.58, for a total value of $1,215,800.00. Following the sale, the insider directly owned 403,612 shares of the company’s stock, valued at $49,071,146.96. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Robinhood Markets Trading Down 3.9%

Shares of Robinhood Markets stock traded down $4.73 during trading hours on Wednesday, hitting $116.97. 18,787,416 shares of the company were exchanged, compared to its average volume of 22,517,914. The business has a 50-day moving average of $124.96 and a 200-day moving average of $117.78. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The stock has a market capitalization of $105.18 billion, a price-to-earnings ratio of 48.54, a P/E/G ratio of 1.87 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s quarterly revenue was up 100.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Smithfield Trust Co purchased a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $29,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. KeyCorp boosted their target price on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. CICC Research assumed coverage on Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. Keefe, Bruyette & Woods raised their target price on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Finally, Compass Point restated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.80.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.