Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $836,800.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total transaction of $836,800.00. Following the transaction, the insider owned 481,396 shares in the company, valued at approximately $40,283,217.28. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $82.47 on Monday. The firm has a market cap of $74.27 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 2.47 and a beta of 2.35. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The firm’s 50-day simple moving average is $78.09 and its two-hundred day simple moving average is $92.86.

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

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

Analyst Upgrades and Downgrades

Several analysts have commented on HOOD shares. KeyCorp reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Robinhood Markets in a research report on Monday, June 1st. Loop Capital set a $94.00 price objective on shares of Robinhood Markets in a research report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Nineteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $106.54.

Institutional Trading of Robinhood Markets

Several hedge funds and other institutional investors have recently modified their holdings of HOOD. Vanguard Group Inc. increased its holdings in Robinhood Markets by 24.9% during the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after acquiring an additional 18,824,923 shares during the period. State Street Corp increased its holdings in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after acquiring an additional 16,375,734 shares during the period. Norges Bank bought a new stake in Robinhood Markets during the 4th quarter worth approximately $1,202,160,000. Amundi increased its holdings in Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after acquiring an additional 3,007,103 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Robinhood Markets by 5,221.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after acquiring an additional 2,511,743 shares during the period. Institutional investors own 93.27% of the company’s stock.

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.