Robinhood Markets, Inc. $HOOD Shares Sold by Versant Capital Management Inc

Key Points

• Versant Capital Management cut its Robinhood stake by 81.3% in the second quarter, selling 11,004 shares and retaining 2,538 shares valued at $255,000. Despite the reduction, institutional investors collectively own 93.27% of HOOD.
• Robinhood reported strong quarterly results, with EPS of $0.62 versus the $0.44 consensus and revenue up 32.5% year over year to $1.31 billion. The stock opened at $93.29, while analysts maintain a “Moderate Buy” consensus and an average price target of $120.52.
• Insiders sold shares under pre-arranged Rule 10b5-1 plans, including transactions by Steven Quirk and Daniel Martin Gallagher Jr.; insiders sold 631,263 shares worth $66.9 million over the past 90 days. Robinhood’s outlook is also being supported by crypto-market activity and its acquisition of Canadian crypto platform WonderFi.

Versant Capital Management Inc lowered its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 81.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,538 shares of the company's stock after selling 11,004 shares during the quarter. Versant Capital Management Inc's holdings in Robinhood Markets were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HOOD. Hilltop National Bank boosted its holdings in Robinhood Markets by 98.5% in the second quarter. Hilltop National Bank now owns 2,158 shares of the company's stock valued at $216,000 after purchasing an additional 1,071 shares in the last quarter. CX Institutional increased its stake in Robinhood Markets by 82.7% in the second quarter. CX Institutional now owns 6,319 shares of the company's stock valued at $634,000 after purchasing an additional 2,861 shares during the last quarter. Militia Capital Management LLC acquired a new stake in Robinhood Markets during the first quarter worth approximately $1,641,000. Rathbones Group PLC lifted its position in shares of Robinhood Markets by 3.3% during the 1st quarter. Rathbones Group PLC now owns 5,129 shares of the company's stock worth $355,000 after buying an additional 165 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Robinhood Markets by 22.5% during the 1st quarter. Glenmede Trust Co. NA now owns 10,426 shares of the company's stock worth $723,000 after buying an additional 1,914 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Bitcoin’s move above $65,000 is supporting crypto-linked stocks, including Robinhood. Higher crypto prices and trading activity could increase transaction revenue and customer engagement. MSTR, CRCL, BMNR Stocks Rally After Bitcoin Reclaims $65K
• Positive Sentiment: Robinhood’s acquisition of Canadian crypto platform WonderFi highlights its international expansion strategy. WonderFi’s CEO said Canada’s regulatory and capital-markets environment made a sale to Robinhood preferable, potentially giving HOOD additional crypto customers and infrastructure. I Built Canada’s Largest Crypto Company
• Positive Sentiment: Jim Cramer made a bullish assessment of Robinhood following its latest quarterly report, reinforcing the view that the platform has a competitive advantage. Robinhood reported $0.62 in quarterly EPS versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion. Jim Cramer Makes Bold Call on Robinhood Stock
• Positive Sentiment: A meme coin surged after being listed on Robinhood, illustrating how new token listings can generate attention and trading activity on the platform. However, the event is speculative and may have limited direct financial impact. Meme Coin Surges 77% on Robinhood Listing
• Neutral Sentiment: Coverage comparing Robinhood with SoFi suggests investors may favor HOOD’s stronger trading momentum and earnings profile, but also underscores that high-growth fintech stocks can decline even after strong results when valuation expectations are elevated. Why Wall Street Keeps Ignoring SoFi’s Record Growth for Robinhood
• Negative Sentiment: Robinhood director Daniel Martin Gallagher, Jr. sold 10,000 shares for approximately $904,200 under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its importance, although insider selling can still weigh modestly on sentiment. SEC Insider Transaction Filing

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 19,377 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the completion of the sale, the insider directly owned 62,612 shares of the company's stock, valued at $7,510,935.52. This represents a 23.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total value of $904,200.00. Following the sale, the insider directly owned 461,396 shares of the company's stock, valued at $41,719,426.32. The trade was a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 631,263 shares valued at $66,929,157. 13.48% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Up 2.8%

HOOD stock opened at $93.29 on Friday. The company has a fifty day moving average price of $99.17 and a 200 day moving average price of $86.82. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The company has a market cap of $84.01 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 1.78 and a beta of 2.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.42 EPS. Robinhood Markets's revenue for the quarter was up 32.5% on a year-over-year basis. Sell-side analysts expect that Robinhood Markets, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of Robinhood Markets from $130.00 to $115.00 and set an "overweight" rating on the stock in a research report on Monday, August 3rd. Sanford C. Bernstein boosted their price target on shares of Robinhood Markets from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods decreased their price objective on shares of Robinhood Markets from $75.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Robinhood Markets from $105.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. Finally, Needham & Company LLC reduced their target price on Robinhood Markets from $123.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source