Robinhood Markets (NASDAQ:HOOD) CEO Sells $32,546,066.28 in Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) CEO Vladimir Tenev sold 259,166 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $125.58, for a total transaction of $32,546,066.28. Following the sale, the chief executive officer directly owned 259,166 shares of the company’s stock, valued at $32,546,066.28. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vladimir Tenev also recently made the following trade(s):

• On Tuesday, September 22nd, Vladimir Tenev sold 240,834 shares of Robinhood Markets stock. The stock was sold at an average price of $125.33, for a total transaction of $30,183,725.22.
• On Monday, July 6th, Vladimir Tenev sold 375,000 shares of Robinhood Markets stock. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00.

Robinhood Markets Trading Down 1.2%

HOOD opened at $119.40 on Friday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a fifty day moving average of $104.69 and a 200-day moving average of $92.44. The stock has a market cap of $107.35 billion, a PE ratio of 52.60, a price-to-earnings-growth ratio of 2.41 and a beta of 2.34. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. Robinhood Markets’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOOD. CYBER HORNET ETFs LLC increased its stake in Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of Robinhood Markets during the fourth quarter worth about $27,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Robinhood Markets during the second quarter worth about $27,000. SHP Wealth Management acquired a new stake in shares of Robinhood Markets in the 4th quarter worth about $32,000. Finally, Glen Eagle Advisors LLC raised its holdings in shares of Robinhood Markets by 812.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 283 shares of the company’s stock worth $32,000 after acquiring an additional 252 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Robinhood Markets from $124.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. KeyCorp increased their price target on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Argus increased their price target on Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Jefferies Financial Group raised their price objective on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Robinhood Markets in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.70.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Prediction markets are emerging as a major growth driver: Robinhood’s event-contracts revenue reportedly increased more than tenfold year over year. The company is expanding beyond sports into crypto-linked contracts, creating a potentially significant new source of transaction revenue and customer engagement. Robinhood event-contract revenue article
• Positive Sentiment: Diversification supports the long-term growth case: Robinhood is expanding into banking, retirement accounts, active trading, crypto and blockchain products. These initiatives could deepen customer relationships and reduce dependence on stock-trading activity. The company also joined Coinbase’s Oura IPO offering as an underwriter, strengthening its role in retail IPO access, although underwriting does not guarantee customer allocations. Robinhood diversification article Robinhood and Coinbase IPO article
• Positive Sentiment: Fundamentals remain robust: The latest reported quarter showed revenue growth of 32.5% year over year, while earnings exceeded analyst expectations. Jim Cramer and several analysts remain constructive on Robinhood’s platform, technology and long-term growth potential. Jim Cramer Robinhood commentary
• Neutral Sentiment: Competition is intensifying: Public has introduced AI agents for prediction-market trading, while new data from Needham suggests professional trading activity may distort reported market-share comparisons. The developments validate demand but could make it harder for Robinhood to capture lasting market share. Public AI prediction-market article
• Negative Sentiment: CEO selling is weighing on sentiment: CEO Vladimir Tenev sold roughly $32.5 million and $30.2 million of HOOD shares on September 21 and 22, respectively, cutting his direct holdings by half. The sales were made under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the combined transactions have nevertheless encouraged profit-taking. Robinhood CEO insider sale
• Negative Sentiment: Regulatory and valuation risks remain: Prediction markets face mounting legal and regulatory challenges, while HOOD’s valuation remains demanding after a substantial rally. Sector-wide weakness among brokerage stocks and concern that professional trading volumes may be less durable are adding to near-term pressure.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.