Daniel Martin Gallagher, Jr. Sells 25,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $47.69, for a total value of $1,192,250.00. Following the completion of the sale, the insider now owns 797,825 shares in the company, valued at $38,048,274.25. The trade was a 3.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Robinhood Markets Price Performance

HOOD traded up $1.30 during trading on Wednesday, reaching $49.99. 38,633,149 shares of the stock traded hands, compared to its average volume of 25,955,679. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The stock's 50-day simple moving average is $43.07 and its two-hundred day simple moving average is $41.96. The stock has a market cap of $44.26 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently modified their holdings of HOOD. FMR LLC raised its holdings in Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares in the last quarter. Norges Bank bought a new position in shares of Robinhood Markets in the 4th quarter valued at approximately $329,598,000. GQG Partners LLC acquired a new stake in Robinhood Markets in the 4th quarter worth approximately $302,325,000. Artisan Partners Limited Partnership bought a new stake in Robinhood Markets during the fourth quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Robinhood Markets by 335.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after purchasing an additional 3,994,745 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Ratings Changes

HOOD has been the subject of several research analyst reports. Raymond James started coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating for the company. Compass Point began coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective on the stock. Piper Sandler boosted their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Barclays decreased their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a report on Thursday, March 27th. 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 an average rating of "Moderate Buy" and a consensus target price of $53.24.

Robinhood Markets Company Profile

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.

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