Robinhood Markets (NASDAQ:HOOD) CFO Shiv Verma Sells 3,984 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) CFO Shiv Verma sold 3,984 shares of Robinhood Markets stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $98.84, for a total value of $393,778.56. Following the completion of the sale, the chief financial officer owned 59,927 shares of the company’s stock, valued at approximately $5,923,184.68. The trade was a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shiv Verma also recently made the following trade(s):

• On Friday, May 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The stock was sold at an average price of $77.36, for a total value of $420,528.96.
• On Wednesday, April 15th, Shiv Verma sold 5,436 shares of Robinhood Markets stock. The stock was sold at an average price of $85.86, for a total value of $466,734.96.

Robinhood Markets Stock Up 5.3%

Shares of HOOD stock opened at $98.12 on Tuesday. The stock has a 50-day moving average price of $80.67 and a 200 day moving average price of $91.89. The firm has a market cap of $88.36 billion, a price-to-earnings ratio of 47.40, a PEG ratio of 2.33 and a beta of 2.35. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for 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 quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc increased its position in shares of Robinhood Markets by 565.1% in the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after purchasing an additional 157,643 shares during the period. NEOS Investment Management LLC bought a new position in shares of Robinhood Markets in the third quarter worth $11,994,000. Truist Financial Corp increased its position in shares of Robinhood Markets by 88.9% in the fourth quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock worth $16,455,000 after purchasing an additional 68,458 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Robinhood Markets by 86.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company’s stock worth $11,406,000 after purchasing an additional 46,688 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Robinhood Markets by 26.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 365,551 shares of the company’s stock valued at $44,477,000 after acquiring an additional 76,075 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: Analysts and media coverage highlighted Robinhood’s prediction markets as a possible growth driver, with one forecast suggesting revenue could jump sharply in 2026 thanks in part to World Cup-related betting activity. Thanks to the World Cup, Robinhood’s 2026 prediction markets revenue could skyrocket
• Positive Sentiment: Robinhood also drew attention for record traffic tied to the recent SpaceX IPO and for its newly approved IPO underwriting business, both of which could expand trading activity and deepen its role in capital markets. Robinhood Stock In Focus: Record SpaceX Traffic, New IPO Business, World Cup Bets
• Positive Sentiment: Another analyst raised the price target on Robinhood, reinforcing a favorable sentiment toward the stock after its strong run. Another analyst raises Robinhood price target
• Neutral Sentiment: Brokerage coverage remains broadly supportive, with Robinhood carrying a consensus “Moderate Buy” rating from analysts. Robinhood Markets, Inc. Given Consensus Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Recent insider selling may temper enthusiasm: CFO Shiv Verma and director Baiju Bhatt both sold shares under pre-arranged 10b5-1 plans, which can raise investor concern even when the sales are routine. SEC filing for Shiv Verma sale SEC filing for Baiju Bhatt sale

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HOOD shares. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. Citizens Jmp restated a “market outperform” rating and set a $155.00 target price on shares of Robinhood Markets in a research report on Thursday, May 28th. Cantor Fitzgerald restated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a research report on Tuesday, June 9th. Morgan Stanley decreased their target price on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Finally, Mizuho boosted their target price on Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average price target of $110.73.

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.