Daniel Martin Gallagher, Jr. Sells 25,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) Stock

Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report) insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $93.88, for a total value of $2,347,000.00. Following the sale, the insider owned 816,887 shares in the company, valued at $76,689,351.56. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robinhood Markets Price Performance

Robinhood Markets stock traded down $0.36 during mid-day trading on Friday, reaching $98.34. 60,149,672 shares of the stock traded hands, compared to its average volume of 30,266,921. The stock has a market capitalization of $87.08 billion, a PE ratio of 55.88, a price-to-earnings-growth ratio of 5.32 and a beta of 2.36. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $101.46. The business's 50-day moving average is $73.48 and its 200-day moving average is $55.32.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The firm's revenue was up 50.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Mizuho boosted their target price on Robinhood Markets from $80.00 to $99.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Citigroup boosted their target price on Robinhood Markets from $50.00 to $100.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Morgan Stanley boosted their target price on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.06.

Institutional Trading of Robinhood Markets

A number of hedge funds have recently bought and sold shares of HOOD. Jones Financial Companies Lllp increased its position in Robinhood Markets by 1,631.5% during the fourth quarter. Jones Financial Companies Lllp now owns 3,463 shares of the company's stock valued at $129,000 after acquiring an additional 3,263 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Robinhood Markets by 43.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,028 shares of the company's stock valued at $523,000 after acquiring an additional 4,228 shares during the last quarter. Victory Capital Management Inc. increased its position in Robinhood Markets by 87.6% in the fourth quarter. Victory Capital Management Inc. now owns 220,160 shares of the company's stock worth $8,203,000 after buying an additional 102,777 shares in the last quarter. M&T Bank Corp increased its position in Robinhood Markets by 7.2% in the fourth quarter. M&T Bank Corp now owns 30,379 shares of the company's stock worth $1,132,000 after buying an additional 2,034 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Robinhood Markets in the fourth quarter worth about $2,367,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.