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

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $116.14, for a total value of $1,161,400.00. Following the transaction, the insider owned 471,396 shares in the company, valued at approximately $54,747,931.44. This represents a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Up 0.6%

Shares of NASDAQ HOOD traded up $0.63 on Wednesday, hitting $113.53. The company had a trading volume of 18,233,157 shares, compared to its average volume of 30,305,273. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The firm has a market capitalization of $102.23 billion, a P/E ratio of 54.85, a PEG ratio of 2.63 and a beta of 2.33. The business has a 50 day moving average of $88.95 and a two-hundred day moving average of $89.39.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

Robinhood Markets News Roundup

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Robinhood’s push into tokenized finance, DeFi, perpetual futures, and AI trading reinforces its long-term growth narrative. Article: Robinhood mainnet launch signals broader bet on tokenized finance
• Positive Sentiment: China Renaissance initiated coverage on HOOD with a buy rating, adding fresh analyst support.
• Positive Sentiment: Commentary suggests Robinhood’s business momentum may be outrunning earnings estimates, which could support the stock if upcoming results confirm stronger growth. Article: Robinhood Is Making a Comeback. Should You Buy the Stock?
• Neutral Sentiment: One article argued Robinhood’s key moat is its retail customer relationship, which may help offset competition from decentralized trading platforms. Article: ‘Generational’ HOOD Stock Drops Amid Market Sell-Off – Analyst Says Robinhood’s ‘Moat’ Is the Retail Relationship
• Neutral Sentiment: Robinhood cofounder Baiju Bhatt’s Ferrari comment is mostly a personality/branding story and is unlikely to move the stock on its own. Article: Robinhood’s cofounder says he’s buying a Ferrari Luce as a ‘baby-mobile’
• Negative Sentiment: Recent insider selling by three Robinhood insiders, including two directors, may create some caution even though the sales were made under pre-arranged 10b5-1 plans. Article: Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells $440,625.00 in Stock

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after purchasing an additional 1,334,443 shares during the last quarter. State Street Corp grew its stake in Robinhood Markets by 2.7% in the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after purchasing an additional 875,297 shares in the last quarter. Geode Capital Management LLC increased its holdings in Robinhood Markets by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after buying an additional 356,902 shares during the last quarter. Morgan Stanley increased its holdings in Robinhood Markets by 23.9% in the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after buying an additional 2,061,832 shares during the last quarter. Finally, Norges Bank acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $1,202,160,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HOOD has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Argus upped their price objective on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. KeyCorp restated an “overweight” rating and set a $100.00 target price on shares of Robinhood Markets in a research note on Monday, June 1st. Keefe, Bruyette & Woods dropped their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Finally, China Renaissance assumed coverage on Robinhood Markets in a research note on Tuesday. They issued a “buy” rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

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.