Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells 10,000 Shares

Robinhood Markets, Inc. (NASDAQ:HOOD) insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $116.14, for a total transaction of $1,161,400.00. Following the completion of the transaction, the insider directly owned 471,396 shares of the company’s stock, valued at approximately $54,747,931.44. This represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robinhood Markets Stock Performance

NASDAQ HOOD traded up $0.63 during mid-day trading on Wednesday, reaching $113.53. 18,233,157 shares of the stock were exchanged, compared to its average volume of 30,305,273. The stock has a market capitalization of $102.23 billion, a PE ratio of 54.85, a PEG ratio of 2.63 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. The business’s fifty day simple moving average is $88.95 and its 200 day simple moving average is $89.39.

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

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s push into tokenized finance, DeFi, perpetual futures, and AI trading reinforces its long-term growth narrative. Article: Robinhood mainnet launch signals broader bet on tokenized finance
• Positive Sentiment: China Renaissance initiated coverage on HOOD with a buy rating, adding fresh analyst support.
• Positive Sentiment: Commentary suggests Robinhood’s business momentum may be outrunning earnings estimates, which could support the stock if upcoming results confirm stronger growth. Article: Robinhood Is Making a Comeback. Should You Buy the Stock?
• Neutral Sentiment: One article argued Robinhood’s key moat is its retail customer relationship, which may help offset competition from decentralized trading platforms. Article: ‘Generational’ HOOD Stock Drops Amid Market Sell-Off – Analyst Says Robinhood’s ‘Moat’ Is the Retail Relationship
• Neutral Sentiment: Robinhood cofounder Baiju Bhatt’s Ferrari comment is mostly a personality/branding story and is unlikely to move the stock on its own. Article: Robinhood’s cofounder says he’s buying a Ferrari Luce as a ‘baby-mobile’
• Negative Sentiment: Recent insider selling by three Robinhood insiders, including two directors, may create some caution even though the sales were made under pre-arranged 10b5-1 plans. Article: Insider Selling: Robinhood Markets (NASDAQ:HOOD) Director Sells $440,625.00 in Stock

Wall Street Analyst Weigh In

Several research firms have commented on HOOD. Morgan Stanley lowered their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. KeyCorp reissued an “overweight” rating and issued a $100.00 target price on shares of Robinhood Markets in a research report on Monday, June 1st. Jefferies Financial Group lowered their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 6th. Argus increased their price target on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Truist Financial decreased their price target on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently modified their holdings of HOOD. Sound Income Strategies LLC increased its position in Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after buying an additional 190 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter worth $27,000. MV Capital Management Inc. purchased a new position in shares of Robinhood Markets in the 4th quarter valued at $27,000. Finally, Swiss RE Ltd. purchased a new position in shares of Robinhood Markets in the 4th quarter valued at $27,000. 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.