Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $1,137,100.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the sale, the insider owned 499,943 shares of the company’s stock, valued at $56,848,518.53. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Performance

Shares of HOOD opened at $109.02 on Friday. The business has a 50-day simple moving average of $107.94 and a two-hundred day simple moving average of $94.98. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.56. The stock has a market cap of $98.02 billion, a price-to-earnings ratio of 48.03, a PEG ratio of 2.09 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, analysts expect that Robinhood Markets, Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HOOD shares. Keefe, Bruyette & Woods lifted their target price on Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Tuesday, September 29th. Truist Financial upped their price target on Robinhood Markets from $100.00 to $130.00 in a research note on Thursday, July 9th. Loop Capital set a $135.00 price objective on shares of Robinhood Markets in a report on Tuesday, September 29th. China Renaissance started coverage on shares of Robinhood Markets in a research report on Tuesday, July 7th. They set a “buy” rating and a $156.80 price objective on the stock. Finally, Benchmark raised shares of Robinhood Markets to a “strong-buy” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus price target of $129.68.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Morgan Stanley raised its price target to $160 from $150 and reiterated an “Overweight” rating. The new target implies substantial upside and reinforces the view that Robinhood can continue growing revenue, users and product adoption. Morgan Stanley analyst ratings
• Positive Sentiment: Barclays also reportedly raised its price target to $132 from $105 while maintaining an “Overweight” rating, adding to the positive analyst momentum around HOOD. Barclays Robinhood price target report
• Positive Sentiment: Webull’s regulatory difficulties could give Robinhood an opportunity to attract transferred accounts, particularly through incentives, advanced trading tools and a broader product lineup. Webull regulatory troubles and Robinhood
• Positive Sentiment: Robinhood’s potential expansion into private-market access, prediction markets and extended or weekend trading could increase customer engagement and trading-related revenue over time. Private-market and prediction-market access
• Neutral Sentiment: A comparison with Interactive Brokers shows Robinhood customers hold considerably less money per account, though the gap is narrowing. This highlights both a current wealth-management disadvantage and a potential opportunity as Robinhood attracts larger, more established investors. Interactive Brokers and Robinhood customer balances
• Negative Sentiment: Insider Daniel Martin Gallagher, Jr. sold 10,000 shares worth approximately $1.14 million. The sale occurred under a pre-arranged Rule 10b5-1 plan and leaves him with nearly 500,000 shares, reducing—but not eliminating—its negative signaling effect. Robinhood insider sale
• Negative Sentiment: Regulatory scrutiny of Robinhood’s prediction-market business could restrict sports-contract offerings or slow transaction growth. Crypto-market volatility also creates a risk to trading activity and transaction revenue. Fintech market and regulatory briefing

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in shares of Robinhood Markets by 37.1% in the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock worth $78,852,000 after purchasing an additional 212,855 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Robinhood Markets during the second quarter worth $22,691,000. Nykredit A S bought a new position in Robinhood Markets during the second quarter valued at $29,008,000. NewEdge Advisors LLC increased its position in Robinhood Markets by 18.3% during the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock valued at $6,911,000 after acquiring an additional 10,685 shares during the last quarter. Finally, Groupe la Francaise purchased a new stake in shares of Robinhood Markets in the second quarter valued at $5,544,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.