Robinhood Markets (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 company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $148.34, for a total value of $3,708,500.00. Following the sale, the insider owned 565,949 shares of the company’s stock, valued at approximately $83,952,874.66. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $145.00 on Wednesday. The stock has a market cap of $128.86 billion, a PE ratio of 73.60, a price-to-earnings-growth ratio of 4.01 and a beta of 2.42. Robinhood Markets, Inc. has a one year low of $23.00 and a one year high of $153.86. The stock has a fifty day moving average of $116.04 and a 200 day moving average of $84.00.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The company had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.Robinhood Markets’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Trading of Robinhood Markets

Several institutional investors have recently made changes to their positions in the business. Cooper Financial Group purchased a new stake in shares of Robinhood Markets during the third quarter worth about $455,000. ST Germain D J Co. Inc. grew its position in shares of Robinhood Markets by 213.4% during the third quarter. ST Germain D J Co. Inc. now owns 2,404 shares of the company’s stock worth $344,000 after purchasing an additional 1,637 shares in the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Robinhood Markets by 18.1% during the third quarter. Union Bancaire Privee UBP SA now owns 127,700 shares of the company’s stock worth $18,284,000 after purchasing an additional 19,608 shares in the last quarter. Gradient Investments LLC purchased a new stake in shares of Robinhood Markets during the third quarter worth about $984,000. Finally, Aaron Wealth Advisors LLC grew its position in shares of Robinhood Markets by 74.3% during the third quarter. Aaron Wealth Advisors LLC now owns 7,250 shares of the company’s stock worth $1,038,000 after purchasing an additional 3,090 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HOOD shares. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Saturday, September 27th. Barclays upped their price target on Robinhood Markets from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Mizuho upped their price target on Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Finally, Bank of America upped their price target on Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.59.

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.