15,874 Robinhood Markets, Inc. $HOOD Shares Sold by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. reduced its Robinhood stake by 18.4% in the third quarter, selling 15,874 shares and retaining 70,186 shares valued at approximately $7.9 million. Institutional investors collectively own 93.27% of HOOD.
• Robinhood reported quarterly revenue of $1.42 billion, up 11.5% year over year, and adjusted EPS of $0.60, exceeding analysts’ $0.56 estimate. However, the stock opened at $91.43, down 3.3%, and remains well below its 52-week high of $150.47.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $127.45 price target, while insiders sold $128.4 million of stock during the quarter.

Oppenheimer & Co. Inc. cut its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 18.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,186 shares of the company's stock after selling 15,874 shares during the period. Oppenheimer & Co. Inc.'s holdings in Robinhood Markets were worth $7,896,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Robinhood Markets in the 2nd quarter worth about $379,695,000. Amundi raised its holdings in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after buying an additional 3,007,103 shares in the last quarter. Renaissance Technologies LLC lifted its position in Robinhood Markets by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company's stock worth $353,717,000 after buying an additional 1,668,400 shares during the last quarter. Hound Partners LLC bought a new stake in Robinhood Markets in the 1st quarter worth approximately $73,150,000. Finally, Amova Asset Management Americas Inc. boosted its stake in Robinhood Markets by 15.0% in the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company's stock worth $362,925,000 after buying an additional 685,041 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Trading Down 3.3%

NASDAQ:HOOD opened at $91.43 on Thursday. The company has a fifty day moving average of $108.78 and a 200 day moving average of $93.32. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $150.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $82.20 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.89 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.61 EPS. The company's revenue was up 11.5% on a year-over-year basis. On average, research analysts predict that Robinhood Markets, Inc. will post 2.19 earnings per share for the current year.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the transaction, the insider owned 499,943 shares in the company, valued at $56,848,518.53. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Treseder sold 1,875 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $234,375.00. Following the transaction, the director directly owned 70,567 shares of the company's stock, valued at $8,820,875. The trade was a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,091,347 shares of company stock valued at $128,447,880 in the last quarter. 13.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of recent research reports. Citizens Jmp reiterated a "market outperform" rating and set a $165.00 price target on shares of Robinhood Markets in a research report on Wednesday. Barclays cut their price objective on shares of Robinhood Markets from $132.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday. Scotiabank reduced their target price on shares of Robinhood Markets from $136.00 to $124.00 and set a "sector outperform" rating on the stock in a report on Wednesday. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $160.00 target price on shares of Robinhood Markets in a report on Tuesday, September 8th. Finally, Zacks Research upgraded shares of Robinhood Markets from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.45.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood reported record third-quarter revenue of approximately $1.42 billion, up about 12% year over year. Net deposits reached $16 billion, platform assets rose to $396 billion, and Robinhood Gold subscribers climbed to a record 5.2 million. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Prediction markets and other newer offerings showed strong momentum, with event-contract activity reaching records and prediction-market revenue helping offset weakness in crypto. Bernstein said these products could drive Robinhood’s next phase of growth. Robinhood to rally on prediction markets and new offerings
• Positive Sentiment: Robinhood said roughly 200,000 customers are using its new AI trading agents, suggesting potential long-term growth in automated investing and engagement. Its partnership with Ripple to expand RLUSD could also broaden stablecoin, institutional, and treasury-management opportunities. 200,000 Robinhood Customers Now Let AI Trade for Them
• Neutral Sentiment: Several analysts remain bullish and see substantial upside, including Rosenblatt, BTIG, KeyCorp, Goldman Sachs, and Barclays. However, many firms lowered their price targets after the results; JPMorgan maintained a neutral rating, highlighting a more cautious near-term outlook.
• Negative Sentiment: Crypto revenue fell roughly 55% from a year earlier to about $120 million, reflecting subdued cryptocurrency trading. Interest income also weakened, while tighter spreads and rising expenses pressured profitability. Diluted EPS declined year over year to $0.51, although adjusted EPS of $0.60 exceeded the consensus estimate of $0.56. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Robinhood did not provide a 2026 outlook for total operating expenses, increasing uncertainty about cost control. The Ohio Casino Control Commission also issued a cease-and-desist demand involving sports-related event contracts, creating regulatory risk for a key growth initiative. Robinhood Stock Tumbles: What’s Happening?

Robinhood Markets Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.

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