Robinhood Markets (NASDAQ:HOOD) Insider Sells $931,006.67 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Steven Quirk sold 10,837 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the completion of the transaction, the insider directly owned 81,989 shares of the company’s stock, valued at approximately $7,043,674.99. The trade was a 11.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $82.47 on Monday. The firm has a market cap of $74.27 billion, a PE ratio of 39.84, a PEG ratio of 2.47 and a beta of 2.35. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The company has a fifty day moving average price of $78.09 and a 200 day moving average price of $92.86.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Equities research analysts forecast that Robinhood Markets, Inc. will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vision Financial Markets LLC grew its stake in Robinhood Markets by 100.0% in the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. CYBER HORNET ETFs LLC grew its stake in Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. MV Capital Management Inc. acquired a new position in Robinhood Markets in the 4th quarter valued at about $27,000. Swiss RE Ltd. acquired a new position in Robinhood Markets in the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC acquired a new position in Robinhood Markets in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HOOD shares. Loop Capital set a $94.00 price target on shares of Robinhood Markets in a research report on Wednesday, May 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. KeyCorp reissued an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a research report on Monday, June 1st. Finally, Piper Sandler cut their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.54.

More Robinhood Markets News

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

• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
• Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
• Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
• Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
• Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

About Robinhood Markets

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.