Robinhood Markets, Inc. (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 25,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $47.69, for a total transaction of $1,192,250.00. Following the sale, the insider now directly owns 797,825 shares of the company’s stock, valued at $38,048,274.25. This represents a 3.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Robinhood Markets Stock Up 1.1 %

Shares of HOOD opened at $54.65 on Friday. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 1.05 and a beta of 2.15. The business’s 50 day moving average is $43.38 and its two-hundred day moving average is $42.39. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company’s revenue was up 50.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

Large investors have recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its holdings in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after buying an additional 508 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the fourth quarter worth $26,000. Hemington Wealth Management boosted its holdings in Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC bought a new stake in Robinhood Markets during the first quarter valued at $30,000. Finally, CoreCap Advisors LLC raised its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the period. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Compass Point assumed coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 price target for the company. Cantor Fitzgerald dropped their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Mizuho lifted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Raymond James initiated coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating for the company. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.24.

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.