Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Sells $4,045,000.00 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $40.45, for a total value of $4,045,000.00. Following the sale, the insider now owns 731,642 shares of the company’s stock, valued at approximately $29,594,918.90. This represents a 12.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $40.81 on Friday. The stock has a market capitalization of $36.08 billion, a price-to-earnings ratio of 69.17, a PEG ratio of 0.81 and a beta of 2.07. The business’s fifty day moving average is $36.67 and its 200-day moving average is $27.29. Robinhood Markets, Inc. has a one year low of $10.38 and a one year high of $43.83.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. During the same period in the prior year, the firm posted ($0.09) EPS. The business’s revenue was up 36.4% on a year-over-year basis. Research analysts expect that Robinhood Markets, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of Robinhood Markets by 141.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 111,316 shares of the company’s stock valued at $2,528,000 after buying an additional 65,215 shares during the last quarter. Natixis Advisors LLC purchased a new stake in Robinhood Markets during the second quarter valued at about $536,000. Rhumbline Advisers boosted its position in Robinhood Markets by 4.2% during the second quarter. Rhumbline Advisers now owns 712,848 shares of the company’s stock worth $16,189,000 after purchasing an additional 28,574 shares during the period. TD Asset Management Inc boosted its position in Robinhood Markets by 1,653.4% during the second quarter. TD Asset Management Inc now owns 613,706 shares of the company’s stock worth $13,937,000 after purchasing an additional 578,706 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Robinhood Markets by 9.6% in the second quarter. Victory Capital Management Inc. now owns 63,337 shares of the company’s stock worth $1,438,000 after purchasing an additional 5,534 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Barclays raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $49.00 in a research report on Monday, December 9th. Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $24.00 to $55.00 in a research report on Monday, November 25th. KeyCorp boosted their price objective on Robinhood Markets from $30.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.67.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.