Robinhood Markets (NASDAQ:HOOD) Director Baiju Bhatt Sells 49,223 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) Director Baiju Bhatt sold 49,223 shares of Robinhood Markets stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $95.09, for a total value of $4,680,615.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 11th, Baiju Bhatt sold 57,898 shares of Robinhood Markets stock. The shares were sold at an average price of $89.63, for a total value of $5,189,397.74.
• On Wednesday, May 20th, Baiju Bhatt sold 67,422 shares of Robinhood Markets stock. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36.

Robinhood Markets Price Performance

HOOD opened at $92.76 on Wednesday. The stock’s 50 day simple moving average is $97.27 and its 200 day simple moving average is $88.02. The firm has a market cap of $83.53 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 2.02 and a beta of 2.33. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced 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). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Robinhood Markets by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after buying an additional 1,334,443 shares in the last quarter. State Street Corp boosted its position in Robinhood Markets by 2.7% during the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after acquiring an additional 875,297 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Robinhood Markets by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after acquiring an additional 356,902 shares during the period. Morgan Stanley grew its holdings in shares of Robinhood Markets by 23.9% during the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after acquiring an additional 2,061,832 shares during the period. Finally, Norges Bank bought a new position in shares of Robinhood Markets in the 4th quarter worth approximately $1,202,160,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HOOD. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Citigroup reaffirmed a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a report on Tuesday, June 9th. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group boosted their price target on Robinhood Markets from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.22.

More Robinhood Markets News

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

• Positive Sentiment: Analysts have raised their Robinhood price targets ahead of earnings, reflecting optimism about user growth, stock-trading activity, new products and the company’s longer-term expansion opportunities. FactSet estimates call for second-quarter earnings of approximately $0.43 per share. Analysts hike Robinhood stock price target ahead of July 29 earnings
• Positive Sentiment: Robinhood’s push into prediction markets could provide a new source of transaction revenue. The company is reportedly exploring a partnership with Crypto.com that could expand market access, improve reliability and allow Robinhood to capture more economics, although regulatory risks remain. HOOD Eyes Deeper Push Into Prediction Markets
• Positive Sentiment: Robinhood’s blockchain strategy is attracting attention: the company reportedly built its chain rapidly, and it leads tokenized stocks by holder count with a 44% share. Successful adoption could diversify the business beyond traditional trading. Robinhood Leads Tokenized Stocks by Holders but Not by Money
• Neutral Sentiment: Robinhood will livestream the IPO roadshow for Robinhood Ventures Fund II on August 3 through its app and YouTube, increasing retail investor access but providing limited immediate earnings impact. Robinhood Opens Ventures Fund II Roadshow
• Negative Sentiment: Trading volumes on Robinhood Chain are reportedly weakening as interest in memecoins fades, raising concerns that crypto-related revenue may remain soft in the quarter. Robinhood Chain’s Trading Volumes Slump
• Negative Sentiment: Investors are also concerned about rising expenses and HOOD’s high valuation, making the earnings release and management outlook especially important. Buy, Hold or Sell Robinhood Stock?
• Negative Sentiment: CEO Vlad Tenev disclosed that his X account was hacked and used to promote a fake memecoin. Although the account was restored and the post removed, the incident creates reputational and platform-security concerns. Robinhood CEO Vlad Tenev says X account was hacked
• Negative Sentiment: Director Baiju Bhatt sold approximately $4.7 million of HOOD shares under a pre-arranged Rule 10b5-1 plan. The planned nature reduces the signal, but the transaction can still weigh on sentiment before earnings.

Robinhood Markets Company Profile

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.