Robinhood Markets (NASDAQ:HOOD) Insider Sells $768,900.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOODGet Free Report) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the insider directly owned 432,849 shares in the company, valued at approximately $33,281,759.61. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Up 1.0%

Shares of HOOD stock opened at $77.03 on Friday. The stock has a market cap of $69.35 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 2.49 and a beta of 2.29. Robinhood Markets, Inc. has a fifty-two week low of $53.74 and a fifty-two week high of $153.86. The firm’s 50 day moving average price is $76.44 and its two-hundred day moving average price is $100.98.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its quarterly earnings results 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). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler reduced their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group reduced their target price on shares of Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Citizens Jmp reissued a “market outperform” rating and set a $155.00 target price on shares of Robinhood Markets in a research report on Wednesday, April 29th. Argus reduced their target price on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, New Street Research set a $122.00 target price on shares of Robinhood Markets in a research report on Thursday, March 5th. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.88.

Get Our Latest Stock Report on HOOD

Robinhood Markets News Summary

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares in the last quarter. State Street Corp raised its holdings in Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares in the last quarter. Norges Bank acquired a new stake in Robinhood Markets in the fourth quarter valued at $1,202,160,000. Corient Private Wealth LLC raised its holdings in Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after acquiring an additional 2,511,743 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in Robinhood Markets in the third quarter valued at $322,823,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Robinhood Markets (NASDAQ:HOOD)

Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.