Robinhood Markets (NASDAQ:HOOD) Stock: Insider Vladimir Tenev Sells 375,000 Shares

Key Points

• CEO Vladimir Tenev sold 375,000 Robinhood shares at an average price of $113.72, generating $42.65 million. The Rule 10b5-1 transaction reduced his position by 50% to 375,000 shares.
• Robinhood shares were trading at $109.51, down $2.49, with a market capitalization of approximately $98.46 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $133.71.
• The company recently exceeded quarterly expectations, reporting $1.31 billion in revenue and $0.62 in EPS, while revenue grew 32.5% year over year.

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) CEO Vladimir Tenev sold 375,000 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer owned 375,000 shares of the company's stock, valued at $42,645,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vladimir Tenev also recently made the following trade(s):

• On Tuesday, September 22nd, Vladimir Tenev sold 240,834 shares of Robinhood Markets stock. The stock was sold at an average price of $125.33, for a total transaction of $30,183,725.22.
• On Monday, September 21st, Vladimir Tenev sold 259,166 shares of Robinhood Markets stock. The shares were sold at an average price of $125.58, for a total transaction of $32,546,066.28.

Robinhood Markets Price Performance

Robinhood Markets stock traded down $2.49 during trading hours on Wednesday, hitting $109.51. 18,752,059 shares of the stock were exchanged, compared to its average volume of 27,203,029. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $98.46 billion, a P/E ratio of 48.24, a P/E/G ratio of 2.34 and a beta of 2.35. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.56. The business's 50-day moving average is $106.69 and its two-hundred day moving average is $94.37.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.18. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. Robinhood Markets's quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities research analysts expect that Robinhood Markets, Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HOOD. Citizens Jmp lifted their price target on Robinhood Markets from $155.00 to $165.00 and gave the company a "market outperform" rating in a report on Friday, September 11th. Wells Fargo & Company initiated coverage on shares of Robinhood Markets in a research note on Friday, October 2nd. They issued an "equal weight" rating and a $125.00 target price for the company. Zacks Research upgraded shares of Robinhood Markets from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Keefe, Bruyette & Woods increased their price target on shares of Robinhood Markets from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Tuesday, September 29th. Finally, Loop Capital set a $135.00 price objective on Robinhood Markets in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Robinhood Markets currently has an average rating of "Moderate Buy" and an average target price of $133.71.

Institutional Trading of Robinhood Markets

A number of large investors have recently made changes to their positions in HOOD. Wellington Management Group LLP grew its stake in shares of Robinhood Markets by 37.1% in the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company's stock valued at $78,852,000 after buying an additional 212,855 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Robinhood Markets during the second quarter worth $22,691,000. Nykredit A S acquired a new stake in Robinhood Markets in the second quarter valued at $29,008,000. NewEdge Advisors LLC lifted its stake in Robinhood Markets by 18.3% in the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company's stock valued at $6,911,000 after acquiring an additional 10,685 shares during the last quarter. Finally, Groupe la Francaise bought a new position in shares of Robinhood Markets in the 2nd quarter valued at about $5,544,000. Institutional investors own 93.27% of the company's stock.

Key Robinhood Markets News

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

• Positive Sentiment: Barclays raised its price target to $132 from $105 and maintained an Overweight rating, citing potential upside from Robinhood’s growth initiatives. Barclays Robinhood price target report
• Positive Sentiment: Robinhood reportedly purchased approximately $25 million of bitcoin for its corporate balance sheet. Management described the move as a strategic alignment with the crypto community, although the investment is small relative to the company’s roughly $100 billion valuation. Robinhood bitcoin balance sheet article
• Positive Sentiment: Robinhood Chain integrated with NEAR Intents, enabling cross-chain swaps across more than 180 assets. The partnership could improve crypto liquidity, user choice and transaction activity on Robinhood’s blockchain platform. Robinhood Chain NEAR Intents integration
• Positive Sentiment: Recent quarterly results remain a fundamental support: Robinhood reported $1.31 billion in revenue, up 32.5% year over year, and $0.62 in EPS, exceeding consensus estimates of $1.29 billion and $0.44, respectively. Robinhood second-quarter earnings report
• Neutral Sentiment: The company’s approximately $25 billion crypto balance largely represents customer assets held in custody, rather than Robinhood’s own treasury holdings. This limits the direct balance-sheet impact of crypto price movements but highlights the platform’s dependence on customer trading activity. Robinhood customer crypto custody article
• Negative Sentiment: Bitcoin and other crypto assets are retreating amid a broader crypto-market “perfect storm,” weighing on crypto-linked broker stocks and potentially reducing trading volumes and transaction revenue. Crypto market downturn article
• Negative Sentiment: State regulators are increasing scrutiny of Robinhood’s prediction-market expansion. Possible limits on sports-related contracts could slow volume growth and reduce monetization potential. Robinhood prediction market regulatory scrutiny
• Negative Sentiment: Robinhood Chain’s memecoin activity reportedly surged to $443 million per day before collapsing 96%, raising concerns about the durability and volatility of blockchain-related revenue. Robinhood Chain memecoin activity article
• Negative Sentiment: The Justice Department charged two former Robinhood engineers with allegedly trading crypto derivatives using confidential listing information. The case does not accuse Robinhood itself, but it creates reputational and compliance risk. DOJ charges former Robinhood engineers

Robinhood Markets Company Profile

Robinhood Markets, Inc NASDAQ: HOOD operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.

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