Robinhood Markets (NASDAQ:HOOD) Insider Sells $850,500.00 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 Tuesday, November 3rd. The shares were sold at an average price of $85.05, for a total transaction of $850,500.00. Following the completion of the sale, the insider owned 489,943 shares of the company’s stock, valued at approximately $41,669,652.15. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $80.91 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $72.74 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 1.80 and a beta of 2.56. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $139.75. The company has a 50 day moving average price of $105.97 and a 200 day moving average price of $92.30.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. Robinhood Markets’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 2.10 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HOOD shares. BTIG Research reissued a “buy” rating and set a $135.00 price target on shares of Robinhood Markets in a research report on Wednesday, October 28th. Evercore started coverage on Robinhood Markets in a report on Monday, October 12th. They issued an “outperform” rating and a $130.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft decreased their target price on Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Finally, Jefferies Financial Group increased their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.45.

Institutional Trading of Robinhood Markets

Several large investors have recently added to or reduced their stakes in HOOD. Crossmark Global Holdings Inc. raised its stake in Robinhood Markets by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company’s stock worth $3,083,000 after acquiring an additional 102 shares in the last quarter. Lake Street Private Wealth LLC boosted its stake in shares of Robinhood Markets by 0.3% in the 3rd quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock valued at $4,939,000 after purchasing an additional 114 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Robinhood Markets by 11.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock valued at $109,000 after purchasing an additional 116 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Robinhood Markets by 5.4% during the 3rd quarter. Root Financial Partners LLC now owns 2,510 shares of the company’s stock valued at $282,000 after purchasing an additional 129 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of Robinhood Markets by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock valued at $588,000 after purchasing an additional 129 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

More Robinhood Markets News

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

• Positive Sentiment: Cathie Wood is buying HOOD again after selling shares ahead of a steep decline, a high-profile vote of confidence that may help sentiment. Cathie Wood is buying HOOD again
• Positive Sentiment: Robinhood generated $173 million from prediction markets last quarter—more than from crypto. The segment’s growth helped offset weaker crypto sales and could provide a new revenue driver, though regulatory uncertainty remains. Robinhood’s prediction-market revenue
• Neutral Sentiment: Robinhood’s latest quarter beat analysts’ earnings-per-share estimate, but revenue came in slightly below consensus. Results also highlighted cost discipline and customer-deposit growth. Robinhood Q3 earnings call highlights
• Neutral Sentiment: Two insiders recently sold shares: Daniel Gallagher, Jr. sold 10,000 and CAO Dara Bazzano sold 4,473. Both transactions were made under pre-arranged Rule 10b5-1 plans, so they may be less informative about current views of the stock. Gallagher share sale
• Negative Sentiment: Bitcoin’s decline recently pressured Robinhood and other retail-focused fintech stocks, underscoring the risk that reduced crypto activity could weigh on results. Political shifts in Congress have also raised concerns about slower financial deregulation and greater industry scrutiny. Bitcoin and political concerns weigh on fintech shares

About Robinhood Markets

Robinhood Markets, Inc operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.

Robinhood also offers subscription-based services through Robinhood Gold, which provides eligible customers with additional account features.