Robinhood Markets (NASDAQ:HOOD) Trading Down 2% on Insider Selling

Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) traded down 2% on Thursday after an insider sold shares in the company. The stock traded as low as $78.55 and last traded at $80.56. 39,385,934 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 30,754,262 shares. The stock had previously closed at $82.21.

Specifically, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total transaction of $754,900.00. Following the transaction, the insider owned 452,849 shares in the company, valued at $34,185,571.01. The trade was a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HOOD shares. Piper Sandler decreased their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Citizens Jmp restated a “market outperform” rating and issued a $180.00 target price on shares of Robinhood Markets in a research note on Wednesday, February 11th. Truist Financial decreased their target price on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Barclays dropped their price target on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Finally, Loop Capital set a $130.00 price objective on Robinhood Markets in a research note on Monday, February 9th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.73.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Launched a $695 annual-fee Platinum credit card and custodial accounts aimed at higher?income and family customers; product rollout is being marketed as revenue diversification beyond retail trading. Robinhood Stock Rises After Platinum Card, Custodial Accounts Launch
• Positive Sentiment: Pilot of an advisor-referral network and broader “super app” strategy signals expansion into wealth and advisory services, which could increase wallet share and fee income over time. Robinhood Tests Advisor Network As Super App Vision Shapes Growth Story
• Neutral Sentiment: A rebound in cryptocurrencies (notably bitcoin) provided a short-term boost to HOOD shares, illustrating the company’s sensitivity to crypto volumes but also the transitory nature of that upside. Why Are Robinhood (HOOD) Shares Soaring Today
• Neutral Sentiment: Heightened investor attention and search interest reflect active curiosity around HOOD’s strategy and product launches, which can amplify volatility around news events. Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Negative Sentiment: Reminder of February weakness: HOOD plunged after Q4 showed slowing growth and reduced crypto trading revenue — risks that remain if crypto activity softens again. Why Robinhood Stock Plunged 24% in February
• Negative Sentiment: Valuation and execution risk: analysts still see upside, but HOOD trades at a rich multiple vs. fintech peers, so misses or slower adoption of premium products could pressure the stock. Is Robinhood’s 40% decline over the last 3 months a warning sign or a buying opportunity?

Robinhood Markets Trading Down 2.0%

The business has a 50-day moving average of $96.71 and a 200 day moving average of $115.30. The firm has a market capitalization of $72.53 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 1.54 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the period. Vision Financial Markets LLC boosted its position in Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Robinhood Markets in the 3rd quarter valued at $29,000. Finally, Guerra Advisors Inc bought a new position in Robinhood Markets in the 3rd quarter valued at $30,000. 93.27% of the stock is owned by institutional investors.

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.