Robinhood Markets (NASDAQ:HOOD) CEO Sells $42,645,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vladimir Tenev also recently made the following trade(s):

• On Tuesday, September 22nd, Vladimir Tenev sold 240,834 shares of Robinhood Markets stock. The stock was sold at an average price of $125.33, for a total value of $30,183,725.22.
• On Monday, September 21st, Vladimir Tenev sold 259,166 shares of Robinhood Markets stock. The stock was sold at an average price of $125.58, for a total transaction of $32,546,066.28.

Robinhood Markets Stock Up 1.9%

Shares of HOOD opened at $109.02 on Friday. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.56. The company has a market capitalization of $98.02 billion, a price-to-earnings ratio of 48.03, a PEG ratio of 2.09 and a beta of 2.35. The stock’s 50-day moving average price is $107.94 and its 200-day moving average price is $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 (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HOOD shares. Needham & Company LLC lifted their price target on shares of Robinhood Markets from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, September 16th. BTIG Research boosted their target price on Robinhood Markets from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 29th. Wells Fargo & Company started coverage on shares of Robinhood Markets in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $125.00 price objective on the stock. Finally, Argus boosted their price objective on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $129.68.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in shares of Robinhood Markets during the fourth quarter worth $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $27,000. SHP Wealth Management acquired a new stake in Robinhood Markets during the fourth quarter worth about $32,000. Glen Eagle Advisors LLC boosted its stake in Robinhood Markets by 812.9% in the fourth quarter. Glen Eagle Advisors LLC now owns 283 shares of the company’s stock valued at $32,000 after buying an additional 252 shares in the last quarter. Finally, Copos Capital S.a r.l. acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at $33,000. Institutional investors own 93.27% of the company’s stock.

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

About Robinhood Markets

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.