Robinhood Markets (NASDAQ:HOOD) Insider Steven Quirk Sells 19,377 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Steven Quirk sold 19,377 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the sale, the insider directly owned 62,612 shares in the company, valued at $7,510,935.52. The trade was a 23.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $112.90 on Wednesday. The firm has a 50 day moving average price of $88.95 and a two-hundred day moving average price of $89.39. The stock has a market cap of $101.67 billion, a P/E ratio of 54.54, a price-to-earnings-growth ratio of 2.63 and a beta of 2.33. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Analysts predict that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of several analyst reports. Mizuho upped their target price on Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. China Renaissance initiated coverage on shares of Robinhood Markets in a research report on Tuesday. They issued a “buy” rating on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Morgan Stanley decreased their price objective on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Finally, Needham & Company LLC boosted their target price on shares of Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.00.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood’s London keynote highlighted a broader global expansion push, including Robinhood Chain, stock tokens, DeFi lending, perpetual futures, and AI-powered trading, reinforcing the company’s growth story. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: China Renaissance initiated coverage on Robinhood with a buy rating, adding fresh analyst support that can help sustain investor optimism.
• Positive Sentiment: Recent commentary emphasized that Robinhood’s business momentum may be outpacing earnings estimates, with upcoming results seen as a potential catalyst for upward revisions if banking and prediction-market initiatives keep scaling. Article: Why Robinhood’s Business Momentum May Be Outrunning Earnings Estimates
• Positive Sentiment: Coverage also pointed to growing interest in Robinhood as a fintech name benefiting from AI, digital payments, blockchain, and tokenization trends. Article: Fintech Stocks in Focus as AI and Digital Payments Reshape Finance
• Neutral Sentiment: Robinhood remains one of the most searched stocks on Zacks, suggesting elevated investor attention ahead of its next earnings report and key growth updates. Article: Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Neutral Sentiment: Two directors and one insider sold shares under pre-arranged Rule 10b5-1 plans, which is not unusual but may still slightly weigh on sentiment because it signals some profit-taking after the stock’s strong run.
• Neutral Sentiment: Broader media coverage also noted Robinhood’s role in the new Trump Accounts rollout and CEO Vlad Tenev’s comments on AI agents, which add to the company’s visibility but are less immediate stock drivers. Article: How Trump Accounts can turn $2K into $40K: Robinhood CEO & BNY CEO discuss
• Negative Sentiment: Insider sales by Director Paula Loop, Director Oluwadara Johnson Treseder, and insider Steven M. Quirk could create modest caution, even though the trades were pre-planned and not necessarily a bearish signal on fundamentals.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently modified their holdings of the business. 180 Wealth Advisors LLC lifted its position in shares of Robinhood Markets by 7.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 3,337 shares of the company’s stock valued at $335,000 after acquiring an additional 227 shares during the period. Quad Cities Investment Group LLC increased its stake in Robinhood Markets by 54.8% in the second quarter. Quad Cities Investment Group LLC now owns 6,790 shares of the company’s stock valued at $681,000 after purchasing an additional 2,405 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Robinhood Markets by 36.2% during the second quarter. GAMMA Investing LLC now owns 19,825 shares of the company’s stock valued at $1,988,000 after purchasing an additional 5,272 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Robinhood Markets during the second quarter valued at about $241,000. Finally, Stonebridge Financial Group LLC boosted its position in shares of Robinhood Markets by 15.0% during the 2nd quarter. Stonebridge Financial Group LLC now owns 5,517 shares of the company’s stock worth $553,000 after purchasing an additional 719 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

About Robinhood Markets

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.