Robinhood Markets (NASDAQ:HOOD) Insider Steven Quirk Sells 10,837 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Steven Quirk sold 10,837 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the transaction, the insider owned 81,989 shares of the company’s stock, valued at approximately $7,043,674.99. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Down 6.6%

Shares of NASDAQ HOOD traded down $5.86 during trading hours on Friday, hitting $82.47. 35,199,825 shares of the stock were exchanged, compared to its average volume of 29,844,258. The company has a market cap of $74.27 billion, a PE ratio of 39.84, a PEG ratio of 2.48 and a beta of 2.35. The firm has a fifty day moving average price of $77.90 and a 200-day moving average price of $93.10. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for 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 company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a research report on Thursday, May 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $130.00 target price on shares of Robinhood Markets in a research report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Loop Capital set a $94.00 target price on shares of Robinhood Markets in a research report on Wednesday, May 27th. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.54.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood is benefiting from the end of FINRA’s Pattern Day Trader rule, which removes the $25,000 minimum for day trading and should make the platform more attractive to smaller retail accounts. Article link
• Positive Sentiment: The company is also getting attention for opening SpaceX IPO access to everyday investors, a move that could bring in new users, deposits, and more engagement on Robinhood’s platform. Article link
• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, adding to a prior purchase last week. Insider buying is often seen as a confidence signal from management.
• Positive Sentiment: Robinhood is expanding its wealth-management push through TradePMR, with advisor-network tools, AI features, lending perks, and broader access for RIAs, which could support longer-term revenue growth beyond retail trading. Article link
• Positive Sentiment: Goldman Sachs recently raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive analyst view on the stock. Article link
• Neutral Sentiment: Robinhood’s presentation at the Piper Sandler fintech conference and other commentary this week were largely updates on strategy and execution rather than immediate earnings catalysts. Article link
• Negative Sentiment: Some articles also highlight ongoing valuation and competitive concerns, with investors still watching whether Robinhood can prove its new products translate into durable earnings growth. Article link

Institutional Trading of Robinhood Markets

Several large investors have recently bought and sold shares of HOOD. Vanguard Group Inc. boosted its holdings in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares during the last quarter. State Street Corp boosted its holdings in shares of Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Norges Bank purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at $1,202,160,000. Amundi boosted its holdings in shares of Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Robinhood Markets by 5,221.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after acquiring an additional 2,511,743 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.