Artemis Investment Management LLP Sells 70,653 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Artemis Investment Management cut its stake in Robinhood by 52.5%, selling 70,653 shares and leaving it with 64,047 shares valued at about $7.24 million.
• Q1 results missed expectations—$1.07B revenue and $0.38 EPS versus higher consensus—driven largely by a plunge in crypto revenue and accompanied by an ~18% rise in operating expenses that could pressure near‑term margins.
• Significant insider and institutional activity: insiders sold 540,447 shares (~$40.16M) last quarter (including a 52,540‑share sale by Steven M. Quirk), and roughly 93.3% of the stock is held by hedge funds and other institutions.

Artemis Investment Management LLP reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 52.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,047 shares of the company's stock after selling 70,653 shares during the quarter. Artemis Investment Management LLP's holdings in Robinhood Markets were worth $7,244,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock worth $27,000 after purchasing an additional 99 shares during the period. Vision Financial Markets LLC increased its holdings in Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company's stock valued at $29,000 after buying an additional 100 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Robinhood Markets during the third quarter valued at approximately $29,000. Guerra Advisors Inc bought a new position in Robinhood Markets in the third quarter worth approximately $30,000. Finally, Chung Wu Investment Group LLC bought a new position in Robinhood Markets in the third quarter worth approximately $34,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $73.66 on Friday. Robinhood Markets, Inc. has a fifty-two week low of $45.56 and a fifty-two week high of $153.86. The company has a market cap of $66.32 billion, a PE ratio of 35.58, a P/E/G ratio of 2.21 and a beta of 2.29. The business has a 50-day simple moving average of $76.22 and a two-hundred day simple moving average of $102.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 1.9 earnings per share for the current fiscal year.

More Robinhood Markets News

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

• Positive Sentiment: Core user and deposit trends look healthy: funded customers, net deposits and record Robinhood Gold subscriptions grew in Q1 and prediction-market activity contributed fee revenue, supporting a longer-term recurring‑revenue story. Q1 Earnings Call Summary
• Positive Sentiment: Prediction markets momentum: management said prediction-market fees overtook crypto in the quarter, which can diversify revenue away from volatile crypto swings. Earnings Video
• Positive Sentiment: International expansion progress — in‑principle regulatory approval in Singapore supports TAM expansion outside the U.S. if it converts to live revenues. Singapore Article
• Neutral Sentiment: Executive insider selling was disclosed (CTO sold shares under a pre‑arranged 10b5‑1 plan); procedural but watched by investors. SEC Form 4
• Neutral Sentiment: Some brokers still bullish even as targets shift — Cantor Fitzgerald reaffirmed an Overweight rating while Argus trimmed its price target but kept a Buy, leaving the sell‑side split on near‑term valuation. Cantor Fitzgerald Article Argus/Ticker Report
• Negative Sentiment: Q1 misses: revenue (~$1.07B) and EPS (reported $0.38) came in below consensus, triggering a sharp share pullback as investors re‑price near‑term growth and margin assumptions. Earnings Call Summary
• Negative Sentiment: Crypto revenue plunge was the primary driver of the top‑line shortfall, highlighting ongoing sensitivity to crypto market volatility. Investopedia Crypto Article
• Negative Sentiment: Higher operating expenses and a disclosed ~18% expense increase (including a ~$100M initiative) could pressure near‑term margins even as the company invests in growth. Yahoo Finance: Expenses
• Negative Sentiment: Growing analyst pessimism and target cuts (Barclays, Needham and others lowering targets or tone) amplify downside risk until revenue mix and margin trends stabilize. Barclays Reset Needham Note
• Negative Sentiment: New report flags a government-related deal that has turned sour, which could dent expected revenue or partnerships if material. AOL Article

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 52,540 shares of the business's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the sale, the insider directly owned 27,564 shares of the company's stock, valued at $2,420,394.84. The trade was a 65.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the company's stock in a transaction on Monday, April 27th. The shares were sold at an average price of $83.92, for a total value of $489,673.20. Following the completion of the transaction, the chief technology officer directly owned 12,171 shares in the company, valued at approximately $1,021,390.32. The trade was a 32.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 540,447 shares of company stock valued at $40,159,378. Corporate insiders own 14.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HOOD. Mizuho increased their target price on Robinhood Markets from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods decreased their price objective on Robinhood Markets from $75.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday. KeyCorp cut their target price on Robinhood Markets from $120.00 to $110.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 21st. Piper Sandler reduced their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, February 11th. Finally, Wolfe Research raised shares of Robinhood Markets from a "peer perform" rating to an "outperform" rating and set a $125.00 price target for the company in a research report on Monday, February 9th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Robinhood Markets has an average rating of "Moderate Buy" and an average price target of $107.88.

Robinhood Markets 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.

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