Daniel Martin Gallagher, Jr. Sells 10,000 Shares of Robinhood Markets (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $116.14, for a total value of $1,161,400.00. Following the transaction, the insider directly owned 471,396 shares in the company, valued at approximately $54,747,931.44. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Trading Up 1.4%

Shares of HOOD opened at $115.11 on Friday. The firm has a market cap of $103.66 billion, a PE ratio of 55.61, a P/E/G ratio of 2.54 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 stock has a fifty day moving average price of $90.20 and a 200-day moving average price of $89.33.

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 the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.81 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group lifted their target price on shares of Robinhood Markets from $108.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Mizuho lifted their price objective on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Truist Financial cut 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. Finally, Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.74.

Institutional Trading of Robinhood Markets

Several large investors have recently made changes to their positions in HOOD. Sound Income Strategies LLC raised its holdings in shares of Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC boosted its holdings in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Robinhood Markets in the fourth quarter valued at $27,000. MV Capital Management Inc. acquired a new stake in Robinhood Markets during the 4th quarter worth about $27,000. Finally, Swiss RE Ltd. acquired a new stake in Robinhood Markets during the 4th quarter worth about $27,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood’s newly launched blockchain is generating strong interest, with reports of a memecoin frenzy, record DEX volume, and growing retail activity on Robinhood Chain, which supports the bullish growth narrative. Article: Trader turns $800 into $1 million
• Positive Sentiment: Barclays raised its price target on HOOD from $82 to $122 and kept an overweight rating, reinforcing optimism that the stock still has room to run.
• Positive Sentiment: Coverage around Robinhood’s crypto and tokenization push, including Robinhood Chain, stock tokens, DeFi lending, perpetual futures, and AI trading, continues to support expectations for future revenue growth. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Neutral Sentiment: Several articles highlighted rising attention on Robinhood’s memecoin ecosystem and broad media interest in the company, which adds visibility but is not a direct fundamental catalyst. Article: Robinhood’s Memecoin Boom Shows Crypto’s Retail Market Is No Joke
• Neutral Sentiment: Recent insider sales by Robinhood executives and directors may slightly weigh on sentiment, though the transactions were pre-arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook.

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.