Robinhood Markets (NASDAQ:HOOD) CAO Dara Bazzano Sells 4,473 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CAO Dara Bazzano sold 4,473 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $85.32, for a total value of $381,636.36. Following the sale, the chief accounting officer owned 3,000 shares of the company’s stock, valued at $255,960. This represents a 59.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Up 2.0%

NASDAQ HOOD opened at $87.41 on Thursday. The stock’s 50 day moving average is $107.15 and its 200 day moving average is $92.57. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $144.77. The stock has a market cap of $78.59 billion, a PE ratio of 40.28, a P/E/G ratio of 1.91 and a beta of 2.56.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Research analysts predict that Robinhood Markets, Inc. will post 2.10 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on HOOD. Scotiabank reduced their price objective on shares of Robinhood Markets from $136.00 to $124.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Monday, September 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Robinhood Markets in a research note on Wednesday, October 28th. Wells Fargo & Company reduced their price target on Robinhood Markets from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Finally, Zacks Research lowered Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.45.

Institutional Trading of Robinhood Markets

Institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Robinhood Markets by 10.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock worth $472,141,000 after buying an additional 632,403 shares during the last quarter. Amundi lifted its position in Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Robinhood Markets during the second quarter valued at approximately $379,695,000. Amova Asset Management Americas Inc. lifted its position in Robinhood Markets by 15.0% during the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Robinhood Markets by 48.6% in the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after acquiring an additional 1,668,400 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood’s Q3 earnings topped estimates, with management highlighting cost discipline, rising customer deposits, and expansion into prediction markets and banking as growth drivers. Robinhood Q3 Earnings Call Highlights Cost Discipline and Expansion
• Positive Sentiment: SkyFi’s Satellite Intelligence app is now available to Robinhood Agents customers through monthly subscriptions, adding a new service and potential engagement opportunity. SkyFi’s Satellite Intelligence Now Available as a Robinhood Agent App
• Positive Sentiment: An investor article points to sharply rising transfers of tokenized stocks on Robinhood’s blockchain, which could generate transaction fees if activity continues to grow. This 1 Market Niche Is Growing at an Exponential Rate for Robinhood
• Neutral Sentiment: Chief Accounting Officer Dara Bazzano sold 4,473 shares under a pre-arranged Rule 10b5-1 plan. Such planned insider sales may draw attention but do not necessarily signal a change in company outlook. SEC Form 4 filing
• Negative Sentiment: Zacks Research cut its rating on HOOD from “strong-buy” to “hold,” adding a negative analyst signal. Zacks Research rating information
• Negative Sentiment: Crypto trading remains a headwind: a report says Robinhood’s crypto revenue fell 55% in Q3 while total revenue growth slowed to about 12%, raising questions about momentum in a key business line. Robinhood in a Food Fight for Anthropic IPO Shares as Crypto Trading Cools

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.