Rep. Robert Bresnahan, Jr. Sells Off Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Robinhood Markets, Inc. (NASDAQ:HOOD). In a filing disclosed on April 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Robinhood Markets stock on March 11th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cadence Design Systems (NASDAQ:CDNS) on 3/17/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 3/11/2025.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 3/11/2025.

Robinhood Markets Stock Down 4.0 %

Shares of HOOD stock opened at $40.51 on Friday. The company has a 50 day moving average price of $46.63 and a 200-day moving average price of $39.35. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The firm has a market capitalization of $35.87 billion, a PE ratio of 25.80, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total value of $25,385,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 90,866 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.67, for a total value of $4,604,180.22. Following the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $255,478.14. This represents a 94.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,651,987 shares of company stock worth $132,806,233. Insiders own 19.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HOOD. Needham & Company LLC reduced their target price on shares of Robinhood Markets from $70.00 to $62.00 and set a “buy” rating for the company in a report on Friday, March 28th. Citigroup reduced their price objective on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Compass Point initiated coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 target price on the stock. Morgan Stanley cut Robinhood Markets from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a research report on Tuesday. Finally, KeyCorp lifted their price objective on Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus price target of $55.06.

Institutional Trading of Robinhood Markets

Several hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its position in shares of Robinhood Markets by 31.0% in the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company’s stock worth $444,000 after buying an additional 4,487 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Robinhood Markets by 45.6% during the 3rd quarter. Quantinno Capital Management LP now owns 37,867 shares of the company’s stock worth $887,000 after acquiring an additional 11,859 shares in the last quarter. State Street Corp raised its holdings in shares of Robinhood Markets by 8.7% during the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company’s stock worth $317,536,000 after acquiring an additional 1,085,679 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Robinhood Markets by 58.0% in the third quarter. MML Investors Services LLC now owns 51,839 shares of the company’s stock valued at $1,214,000 after purchasing an additional 19,027 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Robinhood Markets in the third quarter worth $1,965,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.