Robinhood Markets, Inc. $HOOD Stock Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management cut its Robinhood stake by 54.1% in the third quarter, selling 45,953 shares and retaining 38,952 shares valued at approximately $4.38 million.
• Other institutional investors increased or initiated positions, and institutions collectively own 93.27% of Robinhood’s stock. Insiders sold about 1.09 million shares worth $128.4 million over the past three months, largely under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains broadly positive, with Robinhood holding a “Moderate Buy” consensus rating and a $130.29 average price target. The stock opened at $95.07, while the company’s latest quarter exceeded earnings and revenue expectations.

Evergreen Capital Management LLC lessened its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 54.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,952 shares of the company's stock after selling 45,953 shares during the quarter. Evergreen Capital Management LLC's holdings in Robinhood Markets were worth $4,382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HOOD. WASHINGTON TRUST Co acquired a new stake in shares of Robinhood Markets during the third quarter worth about $203,000. XXI Wealth LLC boosted its stake in shares of Robinhood Markets by 80.9% in the third quarter. XXI Wealth LLC now owns 5,640 shares of the company's stock valued at $634,000 after purchasing an additional 2,523 shares during the period. BIP Wealth LLC purchased a new position in shares of Robinhood Markets in the third quarter valued at approximately $202,000. Lake Street Private Wealth LLC grew its holdings in shares of Robinhood Markets by 0.3% in the third quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company's stock valued at $4,939,000 after purchasing an additional 114 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of Robinhood Markets by 2.5% in the third quarter. Brookstone Capital Management now owns 5,230 shares of the company's stock valued at $588,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Activity

In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at $42,645,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal 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, CFO Shiv Verma sold 11,472 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer owned 56,858 shares of the company's stock, valued at $6,278,260.36. This trade represents a 16.79% 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. In the last three months, insiders sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is owned by corporate insiders.

Key Robinhood Markets News

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HOOD. KeyCorp upped their target price on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 30th. Citigroup reissued a "market outperform" rating on shares of Robinhood Markets in a research report on Friday, October 9th. Citizens Jmp raised their price target on shares of Robinhood Markets from $155.00 to $165.00 and gave the company a "market outperform" rating in a research report on Friday, September 11th. Rosenblatt Securities initiated coverage on shares of Robinhood Markets in a research note on Wednesday, October 21st. They issued a "buy" rating and a $135.00 price target for the company. Finally, Wall Street Zen raised Robinhood Markets from a "sell" rating to a "hold" rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.29.

Robinhood Markets Price Performance

HOOD stock opened at $95.07 on Monday. The business's 50-day moving average is $109.40 and its two-hundred day moving average is $97.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $85.48 billion, a P/E ratio of 41.88, a P/E/G ratio of 1.89 and a beta of 2.35. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $150.47.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The business's revenue for the quarter was up 32.5% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

About Robinhood Markets

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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