Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 50,912 Shares of Stock

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 50,912 shares of Robinhood Markets stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total transaction of $5,162,476.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Baiju Bhatt also recently made the following trade(s):

• On Thursday, September 10th, Baiju Bhatt sold 43,373 shares of Robinhood Markets stock. The shares were sold at an average price of $114.28, for a total transaction of $4,956,666.44.
• On Friday, August 14th, Baiju Bhatt sold 50,317 shares of Robinhood Markets stock. The shares were sold at an average price of $96.80, for a total transaction of $4,870,685.60.

Robinhood Markets Trading Down 1.6%

NASDAQ HOOD opened at $95.07 on Friday. The company has a market capitalization of $85.48 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 1.92 and a beta of 2.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $150.47. The company’s fifty day moving average price is $109.40 and its two-hundred day moving average price is $97.21.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, research analysts predict that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robinhood Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Robinhood Markets during the 2nd quarter worth $379,695,000. Amundi increased its holdings in shares of Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after purchasing an additional 3,007,103 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after purchasing an additional 1,668,400 shares during the period. Hound Partners LLC bought a new stake in shares of Robinhood Markets during the first quarter valued at about $73,150,000. Finally, Amova Asset Management Americas Inc. raised its stake in shares of Robinhood Markets by 15.0% during the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after purchasing an additional 685,041 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets News Roundup

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Wall Street Analysts Forecast Growth

HOOD has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, September 29th. Compass Point increased their target price on Robinhood Markets from $126.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Benchmark upgraded Robinhood Markets to a “strong-buy” rating in a research report on Wednesday, September 9th. JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $103.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $160.00 price target on shares of Robinhood Markets in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $130.29.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.