Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 57,898 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 57,898 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $89.63, for a total transaction of $5,189,397.74. 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.

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

• 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.
• On Thursday, April 16th, Baiju Bhatt sold 57,261 shares of Robinhood Markets stock. The stock was sold at an average price of $86.38, for a total transaction of $4,946,205.18.
• On Friday, March 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $71.32, for a total transaction of $4,808,537.04.

Robinhood Markets Trading Up 5.3%

Robinhood Markets stock opened at $98.12 on Tuesday. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The company has a market cap of $88.36 billion, a PE ratio of 47.40, a PEG ratio of 2.33 and a beta of 2.35. The company’s 50-day moving average is $80.67 and its two-hundred day moving average is $91.89.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts forecast that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HOOD shares. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen upgraded shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research report on Saturday. Truist Financial cut their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.73.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently made changes to their positions in the business. Evolution Wealth Advisors LLC grew its stake in shares of Robinhood Markets by 5.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after acquiring an additional 95 shares in the last quarter. CogentBlue Wealth Advisors LLC grew its stake in shares of Robinhood Markets by 4.1% during the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after acquiring an additional 98 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Robinhood Markets by 2.5% during the 3rd quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock worth $590,000 after acquiring an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of Robinhood Markets by 11.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after acquiring an additional 100 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC grew its stake in shares of Robinhood Markets by 1.8% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 6,107 shares of the company’s stock worth $874,000 after acquiring an additional 107 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets News Summary

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

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.