Canvas Wealth Advisors LLC Boosts Holdings in Robinhood Markets, Inc. $HOOD

Canvas Wealth Advisors LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 57.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 40,809 shares of the company’s stock after purchasing an additional 14,954 shares during the period. Canvas Wealth Advisors LLC’s holdings in Robinhood Markets were worth $2,828,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Walser Wealth Management Company A Ltd Liability Co boosted its position in shares of Robinhood Markets by 45.4% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 14,571 shares of the company’s stock worth $1,010,000 after purchasing an additional 4,552 shares in the last quarter. Collaborative Fund Advisors LLC purchased a new position in Robinhood Markets during the 1st quarter worth $1,090,000. Whittier Trust Co. increased its position in Robinhood Markets by 4.1% during the 1st quarter. Whittier Trust Co. now owns 13,668 shares of the company’s stock valued at $954,000 after buying an additional 536 shares in the last quarter. Bogart Wealth LLC raised its stake in Robinhood Markets by 28.5% in the first quarter. Bogart Wealth LLC now owns 1,880 shares of the company’s stock valued at $130,000 after buying an additional 417 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in Robinhood Markets in the first quarter worth about $58,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Truist Financial decreased their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research note on Thursday. Finally, Jefferies Financial Group lowered their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 10,837 shares of Robinhood Markets stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total value of $931,006.67. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 242,649 shares valued at $20,250,598. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Trading Up 4.3%

Shares of NASDAQ:HOOD opened at $117.55 on Tuesday. The company has a market capitalization of $105.85 billion, a price-to-earnings ratio of 56.79, a PEG ratio of 2.53 and a beta of 2.33. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The business has a 50-day moving average price of $88.38 and a 200 day moving average price of $89.42.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data 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). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood shares rose after consumer confidence improved in June, which can support trading activity and retail investing demand. Why Robinhood (HOOD) Stock Is Up Today
• Positive Sentiment: The company is drawing attention for new growth initiatives, including agentic AI trading, stock tokenization, DeFi lending, perpetual futures, and international expansion in the UK and Europe, which investors may see as long-term revenue drivers. HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: Analysts and market commentary are highlighting Robinhood as a stock with strong fundamentals and upside potential as capital rotates out of crowded AI trades. AI Is Selling Off, But These 5 Stocks Could Benefit Next (HOOD)
• Neutral Sentiment: Robinhood’s CEO has been promoting the new Trump Accounts program and said the company will generate revenue from it, but the immediate stock impact is still unclear. Robinhood CEO on Trump Accounts: We do generate revenue from this
• Neutral Sentiment: Upcoming Q2 earnings remain a focal point, with investors watching whether business momentum from banking, prediction markets, and crypto products can outpace estimates. Robinhood Markets’ Q2 2026 Earnings: What to Expect

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.