Insider Selling: Robinhood Markets (NASDAQ:HOOD) CFO Sells $1,266,738.24 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Shiv Verma sold 11,472 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer owned 56,858 shares of the company’s stock, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shiv Verma also recently made the following trade(s):

• On Monday, August 17th, Shiv Verma sold 3,982 shares of Robinhood Markets stock. The stock was sold at an average price of $95.07, for a total transaction of $378,568.74.

Robinhood Markets Stock Performance

HOOD stock traded up $5.43 during mid-day trading on Thursday, hitting $109.85. The company had a trading volume of 21,799,933 shares, compared to its average volume of 27,664,955. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $98.76 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 2.25 and a beta of 2.34. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The stock’s fifty day moving average price is $103.33 and its two-hundred day moving average price is $90.49.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 32.5% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets, Inc. will post 2.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

A number of large investors have recently made changes to their positions in HOOD. Capstone Financial Advisors Inc. grew its position in shares of Robinhood Markets by 17.5% in the second quarter. Capstone Financial Advisors Inc. now owns 3,569 shares of the company’s stock valued at $358,000 after purchasing an additional 532 shares in the last quarter. Whetstone Capital Advisors LLC boosted its stake in Robinhood Markets by 8.8% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 54,755 shares of the company’s stock worth $5,491,000 after purchasing an additional 4,419 shares during the period. National Pension Service boosted its stake in Robinhood Markets by 5.1% in the 2nd quarter. National Pension Service now owns 2,298,238 shares of the company’s stock worth $230,467,000 after purchasing an additional 112,365 shares during the period. WINTON GROUP Ltd purchased a new position in Robinhood Markets during the 2nd quarter valued at about $531,000. Finally, RFG Advisory LLC grew its holdings in Robinhood Markets by 4.0% during the 2nd quarter. RFG Advisory LLC now owns 3,505 shares of the company’s stock valued at $351,000 after buying an additional 135 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HOOD has been the subject of a number of recent research reports. Wall Street Zen raised Robinhood Markets from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Jefferies Financial Group upped their price target on Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Morgan Stanley raised Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $124.00 to $150.00 in a report on Tuesday, September 1st. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price objective on shares of Robinhood Markets in a research note on Tuesday, September 8th. Finally, BTIG Research reaffirmed a “buy” rating and set a $125.00 price objective on shares of Robinhood Markets in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.88.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: SEC pathway could support tokenized securities: The SEC created a temporary framework for certain tokenized stocks, provided investors retain traditional shareholder rights and issuers can object. The move could benefit Robinhood’s blockchain and digital-asset initiatives by bringing tokenized trading closer to regulatory acceptance. SEC clears path for tokenized stocks
• Positive Sentiment: Regulators continue advancing crypto rules: The SEC, CFTC and FDIC announced rule-based initiatives intended to accelerate U.S. crypto adoption despite delays to the CLARITY Act. A clearer regulatory framework could expand institutional participation and retail access, areas Robinhood has identified as important growth opportunities. SEC, CFTC and FDIC accelerate U.S. crypto adoption
• Positive Sentiment: Analyst support remains favorable: Needham raised its price target to $123 from $120 while maintaining a Buy rating, reinforcing the view that Robinhood’s growth prospects justify additional upside. Needham raises Robinhood price target
• Neutral Sentiment: Prediction-market expansion draws attention: Robinhood’s prediction markets are growing, while a new skill-based market launched on Robinhood Chain. However, disputes involving prediction-market products and public figures could increase regulatory and reputational scrutiny. Robinhood prediction-market risks
• Negative Sentiment: Former-employee criminal charges pressured sentiment: Federal prosecutors charged two former Robinhood engineers over an alleged scheme involving confidential information and crypto-futures trading. The charges do not accuse Robinhood itself, but investors may remain concerned about compliance controls, reputational damage and potential regulatory scrutiny. Robinhood employees charged over crypto trading
• Negative Sentiment: Sports-betting restrictions could slow growth: Limits in Connecticut and Michigan may raise compliance costs and constrain Robinhood’s prediction-market expansion, particularly if sports-related contracts become a major source of volume. Sports betting hurdles and Robinhood

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.