Robinhood Markets (NASDAQ:HOOD) Director Sells $4,680,615.07 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 49,223 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $95.09, for a total transaction of $4,680,615.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, June 11th, Baiju Bhatt sold 57,898 shares of Robinhood Markets stock. The shares were sold at an average price of $89.63, for a total transaction of $5,189,397.74.
• On Wednesday, May 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The stock was sold at an average price of $75.38, for a total transaction of $5,082,270.36.

Robinhood Markets Trading Down 3.6%

Shares of HOOD opened at $86.60 on Friday. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The stock has a market cap of $77.98 billion, a P/E ratio of 38.15, a PEG ratio of 1.83 and a beta of 2.33. The company has a 50-day moving average of $97.76 and a two-hundred day moving average of $87.64.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.68%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.42 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, analysts forecast that Robinhood Markets, Inc. will post 1.94 EPS for the current fiscal year.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood reported record second-quarter revenue of $1.31 billion, up 32% year over year, while diluted EPS of $0.62 exceeded the $0.44 analyst consensus. Net deposits reached a record $22 billion and Robinhood Gold subscribers climbed to 4.8 million. Robinhood quarterly profit rises on strong trading activity
• Positive Sentiment: Event contracts and prediction markets produced $156 million of revenue, overtaking cryptocurrency revenue of $100 million and becoming Robinhood’s second-largest trading business. CEO Vlad Tenev called event markets the company’s fastest-growing unit. Robinhood beats estimates as prediction markets overtake crypto
• Positive Sentiment: Robinhood added nearly 1 million funded customers during the quarter, its largest quarterly increase in almost five years. Executives attributed part of the growth to anticipated demand surrounding SpaceX’s potential initial public offering. SpaceX IPO helped Robinhood add nearly 1 million customers
• Neutral Sentiment: Several analysts maintained bullish ratings, including Citizens JMP at $155 and BTIG at $125, but Goldman Sachs, Needham and Barclays lowered their price targets. Barclays cited a meaningful slowdown in new accounts during July, highlighting concerns about momentum after the strong quarter. Robinhood analysts cut their forecasts after Q2 results
• Negative Sentiment: Cryptocurrency revenue declined 38% year over year to $100 million as crypto trading activity slowed. Investors also questioned how much of the earnings beat reflected a one-time accounting benefit rather than recurring operating performance. Robinhood delivers record Q2 revenue, but crypto slowdown weighs on shares
• Negative Sentiment: Despite the earnings beat, the stock’s elevated valuation leaves little room for disappointing growth. Technical analysts are watching support near $86.21, with a break below that level potentially signaling further weakness. Robinhood price forecast: key support faces a critical test

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HOOD. Whitener Capital Management Inc. acquired a new stake in shares of Robinhood Markets during the second quarter worth $267,000. Tema ETFs LLC increased its stake in Robinhood Markets by 9.8% in the second quarter. Tema ETFs LLC now owns 14,568 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,305 shares during the last quarter. Canvas Wealth Advisors LLC increased its stake in Robinhood Markets by 4.6% in the second quarter. Canvas Wealth Advisors LLC now owns 42,697 shares of the company’s stock valued at $4,282,000 after purchasing an additional 1,888 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its position in Robinhood Markets by 12.0% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 17,856 shares of the company’s stock worth $1,791,000 after buying an additional 1,912 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its position in Robinhood Markets by 52.1% during the second quarter. E. Ohman J or Asset Management AB now owns 27,727 shares of the company’s stock worth $2,780,000 after buying an additional 9,500 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HOOD has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. BTIG Research restated a “buy” rating and issued a $125.00 price objective on shares of Robinhood Markets in a research report on Thursday. The Goldman Sachs Group decreased their price objective on Robinhood Markets from $137.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp lifted their price objective on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.30.

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.